NYC Councilman Chaim Deutsch pleads guilty to tax fraud, dodging $82K in federal taxes [View all]
New York City Councilman Chaim Deutsch pleaded guilty Thursday to dodging more than $82,000 in federal taxes on income he earned from his real estate management company, prosecutors announced.
The Brooklyn lawmaker admitted he failed to account for the income from his firm, Chasa Management, Inc., on his 2015 federal tax statement, said prosecutors.
“As an elected official and community leader, Deutsch had a particular responsibility to follow the law,” said Manhattan U.S. Attorney Audrey Strauss. “Instead, over a multi-year period, Deutsch concealed his true business income to avoid paying his fair share of taxes.”
Deutsch faces up to a year in prison and a fine of $100,000 when he is sentenced on July 29 on a single count of filing a false tax return. He has agreed to pay back the $82,000 restitution plus interest.
https://www.msn.com/en-us/news/crime/no-one-is-above-the-law-nyc-councilman-chaim-deutsch-pleads-guilty-to-tax-fraud-dodging-82k-in-federal-taxes/ar-BB1fWdyR
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