January 26, 2022

Todd Kozel was sentenced to five years in prison and ordered to pay restitution of $29.5 million to the IRS following his guilty plea on tax charges.  Kozel worked abroad as the CEO of an oil company with operations in Iraq, earning compensation in excess of $66 million.  However, Kozel failed to file personal federal income tax returns, using sophisticated offshore structures, trusts, and bank accounts to conceal undeclared income from the U.S. government.  SDNY

Tagged in: Criminal Proceedings, Tax Fraud,