September 21, 2023

The former CFO of a Russian natural gas company has been sentenced to 7 years in prison and ordered to pay $4 million in restitution and a $350,000 fine for failing to file a Report of Foreign Bank and Financial Accounts (FBAR), making a false statement to the IRS, and failing to pay taxes on millions of dollars of income over a 10 year period.  As the CFO of Novatek, Mark Anthony Gyetvay opened two different bank accounts in Switzerland, which he put under the name of his then-wife, and in which he stored at one point up to $93 million.  Despite knowing better as a CPA and despite receiving recommendations to do so from his accountant, Gyetvay then failed to file FBARs or personal tax returns.  DOJ

Tagged in: Tax Fraud,