Jordan Sudberg, Tax Evasion, New York 2017
Long Island Pain Management Doctor Pleads Guilty to Tax Evasion
Long Island, NY - In a shocking turn of events, Jordan Sudberg, a pain management doctor from Long Island, pleaded guilty to tax evasion charges in a federal court today. Sudberg, 47, faces a maximum penalty of five years in prison for his crime.
According to the US Attorney's Office, Sudberg owned two S-corporations that operated a medical practice specializing in pain management at locations in Manhattan, Long Island, and Queens. Between 2015 and 2017, Sudberg issued hundreds of checks to various companies, falsely claiming they were for business services. In reality, the companies had not performed any services for Sudberg's corporations.
In exchange for the checks, Sudberg received cash payments, which he used to launder money through an unlicensed money services network. This network, operated by co-conspirators, allowed individuals to exchange cash for business checks, generating a false and legitimate source of funds.
Sudberg's tax evasion scheme helped him underreport his taxable income by over $1 million. He agreed to pay $551,660 in restitution to the Internal Revenue Service (IRS) and forfeit an additional $243,257.
'As he admitted in court today, Jordan Sudberg engaged in a years-long pattern of fabricating false business expenses to conceal from the IRS large portions of his substantial income earned from his medical practices,' said US Attorney Damian Williams.
Sudberg is expected to be sentenced at a later date. The case is a stark reminder of the importance of tax compliance and the severe consequences of tax evasion.
**Mandatory Facts:**
Defendant: Jordan Sudberg
Criminal Charge: Tax Evasion
City and State: Long Island, New York
Date: 2017
Sentence: Up to 5 years in prison, $551,660 in restitution, and $243,257 forfeiture
Dollar Amounts: $551,660 (restitution), $243,257 (forfeiture)
Key Facts
- State: New York
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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Source: https://www.justice.gov/usao-sdny/pr/long-island-pain-management-doctor-pleads-guilty-tax-evasion