Sunday, June 26, 2011

Brookline Ophthalmologist Charged with Tax Evasion

Department of Justice allege that Mark Hughes of Brookline evaded paying about $800,000 in taxes.

Information given to the Department of Justice (DOJ) by the US Attorney, Carmen Ortiz alleges that from 2003 to 2009, Mark Hughes, an ohpthalmologist from Brookline, evaded paying taxes on millions of dollars of income, causing a loss of $800,000.  The DOJ put out a press release about the case, which claims Hughes diverted funds from his ophthalmology practice into a consulting firm called Omega, which he created. Omega allegedly recieved over $2 million in contributions to a defined pension plan.
The release goes on to allege that Hughes knew this money was taxable, and didn't pay taxes on them anyway. Ortiz also alleges that he mislead the IRS in a 2008 audit into Omega, which also earned him an obstruction charge.
If charged, Hughes could spend up to five years in jail, three years on probation, and pay up to $250,000 in fines. If charged with obstruction, that would result in up to three years in prison and also a $250,000 fine
Unless proven guilty, Hughes is presumed innocent.

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