50 Months for Tax Evasion

A former Wall Street investment banker received a 50-month prison term after his conviction on tax evasion charges related to the use of tax shelters back in the 1970s and 1980s.  The tax evasion occurred from 1977-1985, and the case involved the defendant's continuing efforts to avoid paying taxes after a determination of the amount owed.  In addition, among other charges was a claim that the defendant did not pay the required "nanny tax" for a live-in household employee, the reporting problem that tripped up President Clinton's first nominee for Attorney General back in 1993 -- remember those quaint old days when that was the biggest issue facing the Department of Justice?  A press release on the sentencing issued by the U.S. Attorney's Office for the Southern District of New York is available below. (ph)

Download josephberg_sentencing_press_release_usao_sdny_sept_5_2007.pdf