TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Wednesday, April 18, 2012

Economist With Ph.D. Indicted for Evading $500,000 in Taxes Over 22 Years

U.S. Attorney for the Southern District of New York, Press Release:

Preet Bharara, the United States Attorney for the Southern District of New York, and Victor W. Lessoff, the Acting Special Agent-in-Charge of the New York Field Office of the Internal Revenue Service, Criminal Investigation Division, today announced the unsealing of charges against David Gilmartin, an economist and Ph.D., for engaging in a 22-year scheme to evade payment of $500,000 in income taxes owed to the IRS.  Gilmartin, who lived in New York until 2006, was arrested this morning in Phelan, California, where he now resides.  He will be presented this afternoon before United States Magistrate Judge Sheri Pym, in federal court in Riverside, California. 

Manhattan U.S. Attorney Bharara said: “For more than two decades, David Gilmartin, an economist with a Ph.D., allegedly went to great lengths to avoid his legal obligation as a citizen to pay taxes.  Our economy cannot function without everyone paying their fair share of taxes and we will not tolerate those who act as if the tax laws do not apply to them.”

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