Business Owner Charged with Tax Evasion and Bank Fraud in New York

A 76-year-old business owner from Monroe, New York, has been arrested and charged with tax evasion and bank fraud. Shloime Torim, who owned a variety of income-producing businesses, including car leasing, rentals, and real estate, used multiple identities and shell companies to conceal his income.

According to the indictment, Torim used his actual name, ‘Shloime Torim,’ and the social security number assigned to him, as well as different social security numbers associated with his aliases, such as ‘Shloime Goldstein’ or ‘Max Gold.’ He controlled over 100 corporations and other business entities, most of which were shell companies designed to conceal his income.

Between 2002 and April 2014, Torim engaged in a course of conduct calculated to impede and impair the due administration of the Internal Revenue laws by obstructing the IRS in assessing and collecting United States income taxes. He used shell companies and corresponding bank accounts to conceal his income, used family members as nominees to disguise his interests in various business accounts, and failed to file individual corporate income tax returns.

Torim is charged with one count of endeavoring to obstruct and impede the due administration of the Internal Revenue laws, which carries a maximum sentence of three years in prison, five counts of failing to file United States Individual Income tax returns for the tax years 2007 through 2011, each of which carries a maximum sentence of one year in prison, and two counts of making a false statement to a bank for the purpose of obtaining a loan, which carries a maximum sentence of 30 years in prison.

U.S. Attorney Preet Bharara praised the outstanding efforts of IRS-CI and the U.S. Department of State Diplomatic Security Service, and thanked the U.S. Department of Justice’s Tax Division for its significant assistance in the investigation. The case is being handled by the Office’s White Plains Division, with Assistant U.S. Attorney John P. Collins, Jr. in charge of the prosecution.

Shloime Torim, 76, of Monroe, New York, is presumed innocent unless and until proven guilty. The allegations contained in the indictment are merely accusations, and the defendant will face his responsibilities as a criminal defendant in a White Plains federal court.

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