R E L A T E D   C O N T E N T
ADVERTISEMENT

J-Lo's hubby in $2.5m tax row

David Jetuah, Accountancy Age, 12 Apr 2007

Latin music celebrity Marc Anthony liable for seven-figure payment  in back taxes after his accountant and manager plead guilty to tax crimes

Marc Anthony, the Latin music superstar - and husband of Jennifer Lopez - owes $2.5m (£1.26m) in back taxes and fines after his accountant and manager both confessed to tax crimes.

Anthony's book keeper Philip Sarna and his manager (and brother), Bigfram Zayes, who managed his three companies, both pleaded guilty to tax crimes in a plea deal reached with Manhattan District Attorney Robert Morgenthau, according to Reuters.  

But between 2001 and 2004, Anthony and his manager failed to pay taxes on $15.5m of income, according to the District Attorney's office.

'Anthony has not been charged, but must pay the $2.5m by 1 June,' DA Morgenthau said: 'He thought that he could rely on his manager and his accountant.'  

Sarna and Zayes will be sentenced on 12 and 13 June respectively to a conditional discharge, dependent upon their payment of all taxes owed. The men will also pay a criminal fine of $50,000 each.

Further reading:

Celebrities vs the taxman - who's the winner?

Ali G act wins Richard & Judy tax case

Tags:

  • Have your say
  • Send to a friend
  • Share
  • Print

Comments

ADVERTISEMENT
M A R K E T P L A C E
Sponsored links
| Goodman Masson
Our client, a leading FMCG company based in Kent, is seeking a management accountant to join their expanding team. This role requires a strong communicator with management accounts experience who also possess strong technical abilities ... more >
| Goodman Masson
Our client, a leading FMCG company, is seeking a Finance Manager to join their team expanding and evolving commercial team. Sitting within the sales team this is a highly commercial role where a pro-active attitude ... more >
| Goodman Masson
We are currently recruiting for a superb Finance Manager role with one of the world’s largest professional services firm. Our client is seeking a management accountant to join their busy and growing team in this ... more >
| Goodman Masson
Management Accountant Our client, a leading international technology company, have a great opportunity for a management accountant to join their award winning team. The role as a cost accountant has key responsibilities of providing financial ... more >
More Jobs in Finance
ADVERTISEMENT
Job zone
Job of the week
Related jobs
Search for a job
 
> More Financial Director jobs
ADVERTISEMENT