Wednesday, September 24, 2014

CNBC Business: Jersey Shore's 'The Situation' indicted on tax charges




CNBC News story link
http://www.cnbc.com/id/102029462
MTV's "Jersey Shore" star Michael "The Situation" Sorrentino and his brother were indicted Wednesday on charges of filing false tax returns involving $8.9 million income.


Michael was charged with two counts and his brother Marc with three counts of filing false tax returns for 2010 through 2012, according to the Department of Justice.  was also accused of failing to file a tax return for 2011.
"The brothers allegedly also claimed costly clothes and cars as business expenses and funneled company money into personal accounts," U.S. Attorney Paul Fishman said. "The law is absolutely clear: Telling the truth to the IRS is not optional."
Michael Sorrentino and his brother Marc Sorrentino were arraigned in Newark Federal Court on charges that they did not properly pay taxes on $8.9 million in income Michael Sorrentino received from promotional activities.

Michael Sorrentino and his brother Marc Sorrentino are charged with one count of conspiracy to defraud the United States. Marc and Michael Sorrentino also are charged with three and two counts, respectively, of filing false tax returns for 2010 through 2012. Michael Sorrentino faces an additional count for allegedly failing to file a tax return for 2011. They are to be back in court in early October.

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