The Department of Justice's Office of Public Affairs announced the former CEO of a pharmaceutical marketing company was sentenced to three and a half years in prison for participating in filing false tax returns and engaging in a criminal tax fraud scheme:
The former CEO and president of a pharmaceutical marketing company was sentenced to three and one half years in prison for participating in a scheme to defraud the company in which he obtained more than $2 million in fraud and kickback proceeds, and for willfully failing to report that unlawful income to the Internal Revenue Service (IRS), announced Acting Assistant Attorney General Caroline D. Ciraolo of the Justice Department’s Tax Division and U.S. Attorney Preet Bharara of the Southern District of New York.
Michael J. Mitrow Jr., 48, of Whitehouse Station, New Jersey, was sentenced to serve 42 months in prison to be followed by three years of supervised release and 200 hours of community service in each of those years. He was also ordered to pay $83,219 in restitution to the IRS and $1,468,259.43 to Access Communications. In January 2015, Mitrow pleaded guilty to one count of conspiracy to commit wire fraud and one count of tax evasion before U.S. District Judge Paul A. Engelmayer of the Southern District of New York, who also imposed today’s sentence.
“Corporate officers who engage in fraud and kickback schemes and fail to report their illegal gains are defrauding their employers and cheating honest taxpayers,” said Acting Assistant Attorney General Ciraolo. “The sentence handed down today sends a strong message that these individuals will be held to account for committing offenses that were made possible by violating their fiduciary obligations.”
To learn more about the case and read the article in its entirety, click here. If you have any concerns about IRS or tax fraud, it is always best to get in touch with a criminal tax attorney. Contact Robert J. Fedor if you have any questions or concerns.
