ASHLAND, Ky. — The head of Addiction Recovery Care is now facing federal charges for allegedly defrauding two investors by selling the same tax credits twice.

Timmy G. Robinson Jr., 50, of Louisa, was indicted Thursday in Ashland federal court on one count of wire fraud and two counts of monetary transaction derived from unlawful activity, commonly referred to as money laundering.

According to the indictment, Robinson, a Louisa attorney and chief executive officer of ARC, allegedly fraudulently sold the same Employee Retention Credit assets to multiple buyers while concealing previous transactions.

Federal prosecutors say ARC sought more than $6.9 million in Employee Retention Credits from the Internal Revenue Service based on employee wages paid during the COVID-19 pandemic. The credits included a claim for approximately $3.3 million tied to the first quarter of 2021 and another for approximately $3.6 million tied to the second quarter of 2021.

The indictment alleges Robinson first sold the rights to the first tax credit to one buyer for approximately $2.7 million in July 2025. Prosecutors say he later transferred rights to the second tax credit to the same buyer as part of an amended agreement.
Despite those transactions, Robinson allegedly represented to a second buyer that both tax credits remained available for purchase. Prosecutors say he concealed the earlier sales and entered into additional agreements in November 2025 that generated nearly $4.74 million in payments to ARC.

According to the indictment, Robinson directed ARC not to transfer the tax credit proceeds to either buyer after the IRS issued the credits. Instead, prosecutors allege the funds were used to pay operational expenses and debt obligations.

Court filings have identified the buyers as Angelica Capital Trust and Clear Cove Opportunities Fund. Those companies have sued ARC in an attempt to recover their money.

Prosecutors have asked the judge to issue a summons for Robinson to appear in court.

If convicted, Robinson faces up to 20 years in prison on the wire fraud charge and up to 10 years on each money laundering charge. The indictment also seeks forfeiture of proceeds connected to the alleged offenses.

An indictment is an allegation, and Robinson is presumed innocent unless and until proven guilty in court.

A copy of the indictment follows: