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He's got them low-down GPS bracelet blues

March 16, 2010

A Minnesota bluesman awaiting sentencing on tax evasion avoided being locked up right away, but he won't be hard to find, reports StarTribune.com:

After a court hearing packed with his customers and employees, Steven M. Renner remained a free man Monday despite a federal prosecutor's efforts to have him locked up because of allegations that he ran a Ponzi scheme. He will be required to wear a GPS tracking device, U.S. District Judge Donovan Frank decided.

Why did The Man want him locked up right away?

On Feb. 19, agents of the U.S. Secret Service and FBI raided Renner's businesses, looking for evidence of what they said is a "suspected Ponzi scheme that is headquartered in Minneapolis and that is operating over the Internet." Agents also seized business accounts holding more than $24 million.

Not a bad stash for a bluesman.

Tags: tax crime.