California Man Gets 27 Months For Tax Evasion, Illegal Gambling Business
Jason Noah Feinman received 27 months in federal prison for tax evasion, money laundering, and an illegal offshore gambling operation.Summary
Jason Noah Feinman, 52, of Calabasas, California, was sentenced to 27 months in federal prison after pleading guilty to tax evasion, operating an illegal gambling business, and money laundering. Prosecutors said his Costa Rica-based operation helped unlicensed gambling businesses accept bets from customers, including people in California, through websites he controlled. Feinman concealed cash proceeds by exchanging roughly $1.5 million to $3.5 million in cash for checks, and he failed to report about $4.2 million in income from the illegal operation between 2018 and 2022. He was ordered to pay $1,324,449 in restitution and a $150,000 fine, plus interest. The case also underscored that illegal income remains taxable and that offshore operations can still be prosecuted when they involve U.S. customers, financial channels, or tax obligations.
(Source：Forbes)