Krishnaswami Sriram, a medical doctor from Lake Forest, Ill., pleaded guilty to tax evasion and admitted to hiding assets and lying to the Internal Revenue Service about his ability to pay approximately $1.6 million in taxes, penalties, and interest, the Justice Department announced Friday.
According to the DOJ, from 2011 to 2017, Sriram evaded payment of about $1.6 million owed to the IRS. He transferred ownership of two rental properties to his children without their knowledge while continuing to receive income from the properties.
The DOJ said Sriram also moved approximately $600,000 from US bank accounts to accounts in ...
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