Mike “The Situation” Sorrentino is Facing 10 Years in Prison for Tax Fraud
Mike ‘The Situation’ Sorrentino has been indicted on tax fraud after prosecutors allege he failed to report the $8.9 million in income he earned over his career.
According to the Star-Ledger:
“Michael and Marc Sorrentino filed false tax returns that incorrectly reported millions made from promotions and appearances,” U.S. Attorney Paul J. Fishman said. “The brothers allegedly also claimed costly clothes and cars as business expenses and funneled company money into personal accounts. The law is absolutely clear: telling the truth to the IRS is not optional.”
The Situation has been charged with two counts of filing false returns and one count of conspiracy. Each charge holds a maximum sentence of three years in prison and a $250,000 fine, for “fail[ing] to pay federal taxes on income generated by two companies” and “buying high-end cars and clothes for personal use and writing them off as business expenses.”
He is also allegedly in trouble for not filing a return at all in 2011, which could add an additional year in prison and a $100,000 fine.
“The Situation” is facing a total of $850,000 in fines, and 10 years in prison.
So, the moral of the story here is to pay your taxes. Even Wesley Snipes could not get away with not paying taxes.
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