Steven Renner ordered to strap on GPS device instead of his electric guitar
Steven Renner, local blues guitarist, Internet marketer and convicted tax evader, has been ordered by U.S. District Judge Donovan Frank to strap a GPS device to his ankle as he awaits federal charges involving an alleged Ponzi scheme.
He's been free pending his tax evasion sentencing. The feds say he underreported his income by nearly $1.5 million from 2002 to 2005, and owes more than $332,000 in taxes.
His online business ventures in downtown Minneapolis -- V-Webs and iNetGlobal -- were raided last month by Secret Service and Treasury agents as part of an Internet Ponzi scheme investigation.
From the Star Tribune:
Given that one condition of Renner's release pending his tax-evasion sentencing is that he remain law-abiding, assistant U.S. Attorney John Docherty argued that the release should be revoked. Docherty also alleged that Renner, 54, attempted to withdraw more than $1 million from a couple of his accounts after agents searched his businesses.
Here's some video of Renner covering Stevie Ray Vaughn: