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
A FTSE financial services firm require an experienced Group Accountant with experience of consolidations of over 100 legal entities. The consolidation is done through Excel and requires alot of work around inter-company eliminations. There are ... more >
| Marks Sattin
Exciting opportunity to drive a growing Foods business forward in its drive to expand. The client is in the forefront drive of the organic and high quality foods market with their desire to source only ... more >
| Marks Sattin
My client is looking to strengthen their Business Intelligence team with a Cognos Business Intelligence Manager to support the wider application and development of Cognos and other reporting packages. You will be leading a small ... more >
| Marks Sattin
A renowned city bank is looking for a compliance officer to work with the regulatory risk and compliance team for an initial 6 month period. The role consists of: > Daily monitoring of equity proprietary ... more >
More Jobs in Finance
ADVERTISEMENT
Job zone
Job of the week
Related jobs
Search for a job
 
> More Financial Director jobs
ADVERTISEMENT