Mike The Situation Sorrentino from MTVs hard-swillingJersey Shore reality TV series has been hit with serious tax dodging chargesagain.Sorrentino, 34, and his brother Marc Sorrentino were indicted in Newark Friday on new charges of tax evasion and falsifying records, including filing a false return for the reality stars fashion line Situation Nation, according to federal court documents.The superceding indictment updates charges first filed in 2014 that accused Sorrentino of conspiring to defraud the U.S. by allegedly dodging taxes from 2010 to 2012owed on $8.9 million in income from promotional events. He evaded payment by filing false returns and by claiming millions of dollars in business expenses including pricey cars and personal grooming, according to the first indictment.The new charges now also accuse The Situation of structuring funds to evade currency transaction reports, according to a statement from the U.S. Attorneys Office in the District of New Jersey.His brother is now also charged with falsifying records to obstruct a grand jury investigation.If convicted of all of the charges the brothers could each face 20 years in prison.The indictment accuses the two of creating businesses, including MPS Entertainment and Situation Nation to exploit Michaels celebrity status, said Acting New Jersey U.S. Attorney William Fitzpatrick in a statement. They allegedly filed or caused to be filed ...false tax returns that understated gross receipts, claimed fraudulent business deductions, and disguised income payments made to the brothers and to others and underreported net business income.A section of the indictment alleges that Sorrentino failed to file a personal 2011 income tax return.At one point, Sorrentino made several cash deposits on the same day in several bank accounts in amounts of less than $10,000 allegedly to evade the banks IRS reporting requirements, according to the federal statement.The brothers are scheduled to be arraigned April 17.Sorrentinos attorney issued a statement to People magazine saying: Michael Sorrentino will enter a not guilty plea on April 17, and will vigorously contest the allegations in court.Sorrentino, Marc and their brother Frank are scheduled to star in the Family Edition season of the relationship-mending Marriage Boot Camp: Reality Stars beginning April 28.function onPlayerReadyVidible(e){'undefined'!=typeof HPTrack&&HPTrack.Vid.Vidible_track(e)}!function(e,i){if(e.vdb_Player){if('object'==typeof commercial_video){var a='',o='m.fwsitesection='+commercial_video.site_and_category;if(a+=o,commercial_video['package']){var c='&m.fwkeyvalues=sponsorship%3D'+commercial_video['package'];a+=c}e.setAttribute('vdb_params',a)}i(e.vdb_Player)}else{var t=arguments.callee;setTimeout(function(){t(e,i)},0)}}(document.getElementById('vidible_1'),onPlayerReadyVidible); type=type=RelatedArticlesblockTitle=Related Coverage + articlesList=56e06c70e4b0860f99d78303,5624dce8e4b08589ef47ed63 -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
Click here to read full news..
