And Loudon businessman Joseph D. Brandenburg, 37, has pleaded guilty to five counts of wire fraud, money laundering and filing a false tax return. He is to be sentenced July 13.

According to the Justice Department, Brandenburg admitted devising a scheme to submit false invoices for freight hauling by his business, Extreme Logistics LLC, and laundering proceeds of the wire fraud by transferring $30,000 from Extreme Logistics’ bank account to another business, Extreme Properties LLC. Brandenburg also admitted filing a false tax return for 2005 that reported a loss of more than $1.8 million. He has agreed to pay restitution to the IRS totaling $633,772 in unpaid taxes for 2004-2006 and at least $147,152 in interest.