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California Shareholder in Prison for Filing False Returns

On Behalf of | Oct 19, 2017 | DOJ |

On October 6, 2017, Shiv D. Kumar, the sole shareholder of a California transportation company that serves disabled individuals, was sentenced to 30 months in prison for filing false corporate returns. The Department of Justice found that Kumar provided his accountant with false books and records, leading to the underreporting of the business’ income to the IRS by over $2 million per year in 2009 and 2010.

In addition to his 30 month prison sentence, Kumar will serve one year of supervised release. Restitution has not yet been determined.

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