‘The Situation’ Got Himself Into One Terrible Situation Jersey Shore Star Sentenced to Prison for Tax Evasion
The often tumultuous lives of TV stars are constantly plastered across the tops of newspapers and magazines, but given the nature of reality TV, stars’ lack of privacy isn’t all that surprising. In the last couple of years, one particular celebrity has made his fair share of headlines. Despite the
and conspiring to defraud, but the Department of Justice added new charges last year: tax evasion and structuring funds to evade currency transaction reports. Essentially, “The Situation” created one terrible legal situation for himself when he used his celebrity status to create a business but did not pay the income tax on the millions it grossed between 2010 and 2012. Using his “Jersey Shore” persona, Sorrentino created a clothing company he aptly dubbed The Situation Nation, Inc., for which he failed to file a tax return and instead filed a false corporate return in the hope of concealing his cash income. According to his 2017 indictment, Sorrentino made multiple cash deposits of less than $10,000 each into different bank accounts on the same day in order to evade bank reporting regulations. In addition to the federal prison time, Sorrentino will also serve two years of supervised release, have 500 hours of community service, and pay a $10,000 fine. When a person is famous or well-known, they immediately become a target of the IRS. Sorrentino’s eventful story serves as a reminder for everyone to not only avoid any kind of fraudulent activity but also to properly report their income this upcoming year. If you have any questions about your own tax situation , don’t hesitate to give Adam a call at 424.253.0200.
old Hollywood saying that “no press is bad press,” Mike “The Situation” Sorrentino of the MTV reality show “Jersey Shore” might feel differently. Sorrentino was recently sentenced to eight months of federal prison for tax evasion after he and his brother pleaded guilty to filing falsified tax returns on nearly $9 million in January of this year. The brothers were initially indicted in 2014 for tax offenses
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