Hid assets and did not pay more than $900,000 owed to IRS
Date: January 16, 2020
A Pennsylvania anesthesiologist was sentenced to 30 months in prison today for filing a false income tax return.
From 2010 through 2018, James G. Allen Jr. filed and caused the filing with the Internal Revenue Service (IRS) of sixteen false tax returns for himself and his wife. On these tax returns, Allen did not report more than $3 million in income that the pair earned as anesthesiologists. In addition to filing false tax returns, Allen took steps to conceal the couple's assets and income from the IRS, including depositing money in an offshore bank account held in the Bailiwick of Jersey, wiring money to Columbia to purchase a house, purchasing cryptocurrency and gold, and registering a vehicle in the name of a purported church. In total, Allen caused a tax loss of more than $900,000 to the United States.
In addition to the term of imprisonment, U.S. District Judge Arthur J. Schwab ordered Allen to serve a one year term of supervised release and pay restitution to the IRS in the amount of $ 1,084,658.52.