Posts Tagged: ‘tax fraud’

Jersey Shore Star, ‘The Situation’ Indicted for $8.9M Tax Fraud Conspiracy

September 25, 2014 Posted by kingcade

Former Jersey Shore cast member, Mike Sorrentino (a.k.a. ‘The Situation’) and his brother / business manager, Marc Sorrentino appeared in a New Jersey Federal Court this week to plead not guilty to a fraud indictment claiming they did not pay taxes on $8.9 million of income. Court documents show that both Sorrentino and his brother are being charged with one count of conspiracy to defraud the U.S., and an additional two counts of filing false returns.  His brother faces three.  ‘The Situation’ is also charged with not filing a tax return in 2011, when he earned more than $1.9 million in income.

The document states, “From in or about January 2010 through in or about November 2013, in Monmouth and Ocean Counties, in the District of New Jersey and elsewhere, defendants Marc Sorrentino and Michael Sorrentino, aka ‘The Situation,’ did knowingly and intentionally conspire and agree with each other and others to defraud the United States by impeding, impairing, obstructing, and defeating, through deceitful and dishonest means, the lawful functions of the IRS, a constituent agency of the United States Department of the Treasury, to ascertain, compute, assess, and collect federal income taxes,”

“According to the indictment, Michael and Marc Sorrentino filed false tax returns that incorrectly reported millions made from promotions and appearances,” U.S. Attorney Paul J. Fishman said in a statement. “The brothers allegedly also claimed costly clothes and cars as business expenses and funneled company money into personal accounts. The law is absolutely clear: telling the truth to the IRS is not optional.”

The conspiracy and filing false tax returns each carry a maximum penalty of three years in prison and a $250,000 fine. The count charging ‘The Situation’ for failing to file a tax return carries a maximum potential penalty of one year in prison and a $100,000 fine. Regardless of your occupation or status in life, if you attempt to cheat on your taxes for personal financial gain- you face real consequences, criminal prosecution and even jail time.

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Related Resources:
https://celebrity.yahoo.com/blogs/celeb-news/mike–the-situation–sorrentino-indicted-for-tax-crimes-181532715.html

http://www.people.com/article/mike-the-situation-sorrentino-tax-evasion