Son Of Panama Papers Tax Dodger Cops To Tax Evasion
According to a federal court verdict, the son of a businessman implicated in the Panama Papers tax fraud scandal pleaded guilty to three counts and was sentenced to time served.
According to the judgment filed Thursday in the United States District Court for the Southern District of New York, Joachim Alexander von der Goltz was also ordered to pay $230,000 in compensation for three counts of conspiracy to perpetrate tax evasion, providing false information, and failing to disclose foreign bank accounts.
According to court filings, Von der Goltz was involved in defrauding the United States from 2000 through 2016. According to court records, from 2001 until 2016, he neglected to file reports of foreign bank and financial accounts or FBARs and submitted a fake return. Von der Goltz hid the U.S. domicile and assets of a taxpayer with an offshore account in 2003.
According to court papers, Von der Goltz has paid the entire sum of his compensation. According to the ruling, he will be sentenced to three years and one year of probation on other offenses, which will run in parallel.
Von der Goltz is Harald Joachim von der Goltz, a former private equity manager who the government condemned to four years in jail for his participation in the Panama Papers probe in September.
Harald von der Goltz confessed to hiding his holdings from the Internal Revenue Service with the aid of Mossack Fonseca, a Panamanian legal company, in 2020. In 2016, millions of records from the corporation were leaked to the mainstream media, revealing how the world's influential individuals conceal their riches abroad.
Harald von der Goltz admitted to nine charges of illegal activity, including tax evasion, fraud, and making false claims. He was sentenced to four years in jail, a fine of $30,000, and a restitution payment of $3.4 million to the United States. In December, a federal court postponed the start of his sentence until March to allow him to obtain the coronavirus vaccination.
On Friday, the Department of Justice refused to respond.
Legal representatives for Joachim von der Goltz did not respond to requests for comment.
Eun Young Choi, Nathan Martin Rehn, and Kristy Jean Greenberg of the United States Attorney's Office for the Southern District of New York, Michael Parker of the United States Department of Justice's Criminal Division, Sarah Paul of Eversheds Sutherland, and Parker Reid Tobin of the United States Department of Justice's Tax Division are all representing the United States.
Michael S. Dry and Daniel Wallmuth of Vinson & Elkins LLP represent Von der Goltz.
The case is the U.S. v. Joachim Alexander von der Goltz, 1:18-cr-00693, and it is being heard in the United States District Court for the Southern District of New York.