Paul L. Caron

Thursday, July 21, 2022

Indictment Charges Michigan Tax Attorney (Former KPMG Senior Manager) With Embezzling $6.5 Million From Client Who Hired Him To Settle IRS Debt

ABA Journal, Indictment Alleges Tax Lawyer Kept $6.5M in Client Funds After Claiming He Used It to Pay IRS Debt:

A lawyer in Oakland County, Michigan, has been charged with tax evasion for alleging wiring $6.5 million in client money to his Swiss bank account without paying taxes on the embezzled funds.

Tax lawyer, Jeffrey Freeman of Birmingham, Michigan, was charged in a July 7 indictment., Oakland County Attorney Took $6.5M From Client, Told Her He Used It to Settle IRS Issue, Feds Say:

A tax attorney from Oakland County was hired by a business owner to help her settle an IRS investigation, but he convinced her she owed $6.5 million more than she actually did so he could put that money in his own Swiss bank account, federal officials said. ...

Freeman filed a 1040 U.S. joint tax return for the year 2013 on May 7, 2015, according to the indictment. On that return, he didn’t report any of the $6.5 million he had embezzled from his client, according to authorities. By underreporting that income, Freeman avoided paying about $2,781,882 in taxes, officials said.

IRS News, Tax | Permalink