Pursuits
Oil Investor Zukerman Gets Almost Six Years for Tax Evasion
- Amended returns show income $17 million more than U.S. knew
- Defense lawyers sought minimal sentence, citing age and health
This article is for subscribers only.
Oil industry investor Morris Zukerman was sentenced to 70 months in prison for evading $45 million in taxes, a scam that included a bogus $1 million charitable donation and fibs to his own accountants. He was also fined $10 million.
"I recognize and profoundly regret the criminal offenses I committed," Zukerman told U.S. District Judge Analisa Torres during the hearing in a Manhattan federal court room, reading from a prepared statement. "This is painful to acknowledge."