Visa Haran Sivasubramaniam, Filing False Tax Returns, Kentucky 2009
A former London, Kentucky doctor faces a statutory maximum sentence of six years in prison and a $500,000 fine after pleading guilty to filing false tax returns.
Dr. Visa Haran Sivasubramaniam, a former owner and operator of Hematology Oncology Physicians East (HOPE) in London, Kentucky, pleaded guilty today to filing false tax returns on which he falsely reported millions in fictitious business expenses to reduce his taxable income, announced Deputy Assistant Attorney General David A. Hubbert for the Justice Department’s Tax Division.
According to the documents filed with the court, Sivasubramaniam earned more than $16 million in total income from HOPE between 2007 and 2009, but he reported nearly $13 million worth of false and fictitious medical supply expenses to offset that income.
Sivasubramaniam admitted that for 2008 and 2009, he signed false corporate tax returns for HOPE and false personal tax returns, which reported limited taxable income and fictitious losses from HOPE when he in fact knew that his net income was millions of dollars more.
According to court documents, Sivasubramaniam owes more than $4.5 million in taxes.
Sivasubramaniam faces a statutory maximum sentence of six years in prison and a $500,000 fine. His sentencing is set for July 7 before U.S. District Judge Amul R. Thapar for the Eastern District of Kentucky.
This case was investigated by special agents of the Internal Revenue Service-Criminal Investigation. Trial Attorneys Yael T. Epstein and Thomas G. Voracek of the Tax Division are prosecuting the case.
Visa Haran Sivasubramaniam, 61, faces a statutory maximum sentence of six years in prison and a $500,000 fine. His sentencing is set for July 7 before U.S. District Judge Amul R. Thapar for the Eastern District of Kentucky.
The crime occurred between 2007 and 2009, where Sivasubramaniam earned more than $16 million in total income from HOPE, but he reported nearly $13 million worth of false and fictitious medical supply expenses to offset that income.
Visa Haran Sivasubramaniam, a former owner and operator of Hematology Oncology Physicians East (HOPE) in London, Kentucky, pleaded guilty to filing false tax returns on which he falsely reported millions in fictitious business expenses to reduce his taxable income.
Key Facts
- State: Kentucky
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →