Physician Charged With Concealing More Than $1 Million in Income from IRS
A federal grand jury indicted Ndubuisi Joseph Okafor, a 49-year-old doctor in Mitchellville, Md., on charges of tax evasion and filing a false federal tax return.According to the 13-count indictment, Dr. Okafor operated a medical practice called The Okafor Group, which provided primary care medicine in the Washington D.C. metropolitan area.
The indictment alleges that from 1997 to 2005, Okafor evaded his taxes by reporting false information to the IRS and tax preparers regarding his personal income and the gross receipts from his medical practice; establishing sham corporations in the Bahamas to create false expenses and disguise personal income; and diverting money from his medical practice by writing checks from the corporate bank account for personal expenses.
Okafor allegedly under-reported his income and taxes due, stating that his total income for the tax years 1999 through 2002 was $278,926 when in fact it totaled more than $1.3 million.
Okafor faces up to five years in prison on each of the four counts of tax evasion and three years on each of the nine counts of filing a false tax return.
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Tags: FALSE TAX RETURNS, tax evasion
