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Drexel Professor Guilty of Tax Evasion on $3.3M Income.

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TLDR:

  • Drexel University accounting professor convicted of tax evasion and filing false tax returns.
  • Accused of failing to report $3.3 million in income from a Trenton pharmacy.

New Jersey federal jurors have convicted a Drexel University accounting professor on charges of tax evasion and filing false tax returns after the government accused him of failing to report $3.3 million in income from a Trenton pharmacy.

Key Elements of the Article:

A Drexel University accounting professor has been found guilty of evading taxes and filing false tax returns. The professor allegedly failed to report $3.3 million in income from a Trenton pharmacy, leading to his conviction by New Jersey federal jurors. The case was brought forward by the government, specifically the Internal Revenue Service and the U.S. Department of Justice.

The professor’s conviction highlights the serious consequences of tax evasion and the importance of accurately reporting income to the IRS. The case serves as a reminder to individuals, especially those in positions of authority or expertise, to comply with tax laws and regulations to avoid legal repercussions.

The outcome of this case underscores the government’s commitment to prosecuting cases of tax evasion and ensuring that individuals who attempt to evade taxes are held accountable for their actions. This conviction sends a strong message that tax evasion will not be tolerated and that those who engage in fraudulent tax practices will face the consequences.


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