Wednesday, January 11, 2012

Former Sullivan & Cromwell Lawyer Sentenced to Two Years in Prison for Tax Evasion

Federal  prosecutors in Manhattan had alleged that John J. O’Brien, a former partner at Sullivan & Cromwell LLP, avoided reporting or paying taxes on more than $10 million income over a period of more than eight years. Prosecutors said he instead used the money to help fund a rare books and manuscripts business operated by his partner, as well as for international travel and renovations on a weekend home in the Adirondacks.  O'Brien will serve a two year prison term.

http://blogs.wsj.com/law/2012/01/11/ex-ma-lawyer-sentenced-to-two-years-in-tax-case/

1 comments:

Margie said...

These lawyers think that they can get around the law by finding some tax loopholes that they can take advantage of. Too bad they did a bad job in hiding the evidence.

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