Beachwood chiropractor evaded taxes on $1.5M laundered in Russian bank [View all]
TRENTON - A former Ocean County chiropractor facing state prison for laundering $1.5 million in criminal proceeds through a Russian bank account on Wednesday pleaded guilty in federal court to evading taxes on that money.
Carlo Amato, 57, of Beachwood, who formerly operated a chiropractic office in Lakewood, appeared before U.S. District Judge Michael A. Shipp and pleaded guilty to one count of tax evasion and one count of failure to report a foreign financial account as part of a pattern of illegal activity involving more than $100,000 in a 12-month period, U.S. Attorney Craig Carpenito said.
Amato operated his Lakewood chiropractic office from 2012 through 2014 through two entities, Chiropractic Care Consultants Inc. and Accident Recovery Physical Therapy, according to documents.
He deposited checks for chiropractic services into accounts held in the names of his minor children, knowing the checks represented taxable income, but he did not report the income on his tax returns, according to documents and statements made in court.
Read more: https://www.app.com/story/news/local/courts/2018/09/19/chiropractor-admits-evading-taxes-illegal-proceeds-sent-russia/1362566002/
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