Publications

INSIGHT: Second Circuit Affirms $10 Million Fine in Tax Evasion Case

August 13, 2018

In a per curiam decision issued on July 27, 2018, the Second Circuit affirmed a $10 million fine imposed on Morris Zukerman as part of a sentence for tax evasion in United States v. Zukerman, No. 17-948 (Katzmann, Kearse, Pooler). The court summarized its reason for affirming the fine, which was well above the $250,000 Guidelines ceiling, by writing that ‘‘Zukerman, a very wealthy man who has repeatedly and brazenly committed sophisticated tax fraud—a rarely caught and more rarely punished offense that undercuts the functioning of state and federal governments—ought to pay a fine
hefty enough to take any financial benefit out of his crimes and to give pause to others who might be tempted to commit similar crimes.’’

To continue reading Harry Sandick and Stephanie Teplin's article from Bloomberg Law, please click here.