Tax Evasion Charges Hit Investor Claiming Puerto Rican Residency

A Florida investor with a large portfolio of Tesla stock is expected to plead guilty to evading taxes on $80 million in capital gains after fraudulently claiming he was a tax-exempt resident of Puerto Rico, according to court documents.

Miami resident Suresh Gajwani, the owner of an investment firm called Nimco II Corp., surrendered to federal authorities on Tuesday, court documents show. Gajwani waived indictment and acceded to an earlier criminal information alleging tax evasion and filing a false return. Chief Judge Ceilia Altonaga of the Southern District of Florida set bond at $100,000 and set a ...