PHILADELPHIA — A 51-year-old Malvern man was found guilty by a federal jury on Friday of evading millions of dollars in taxes by hiding his income and using the money for a second home, tuition at a private school. country club dues and more.
Michael Goldner was found guilty of failing to pay $1.8 million in taxes from 2013 to 2017, failing to report income earned in 2016 and 2017, and failing to file tax returns in 2018 and 2019.
The tax evasion and failure to file tax conviction follows a trial before U.S. Judge Mark A. Kearney.
Goldner used money and his employer’s business accounts to hide his earnings, according to court records.
US attorney Jennifer Arbittier Williams said the verdict sent a clear message that tax evasion will not be tolerated.
“The US tax system provides essential government services to our people,” Williams said.
“Each time someone cheats the tax system, the burden of providing vital services increases for taxpayers who pay their fair share.”
Goldner was represented by Philadelphia attorney Mark E. Cedrone.
According to prosecutors:
In 2016, Goldner was convicted of a wire fraud scheme and ordered to pay nearly $5 million in restitution.
He was on federal probation when he was charged in June 2021 with tax evasion.
Evidence presented at trial showed that for tax years 2013 to 2017, Goldner reported more than $4 million in income and $1.8 million in taxes owed, of which he paid less than $100,000. .
From 2016 to 2020, the defendant evaded payment of taxes due while earning a substantial income.
Instead of depositing his paychecks into a personal bank account, he cashed them and used his employer’s business accounts to pay hundreds of thousands of dollars in personal expenses.
In 2016 and 2017, the defendant filed tax returns that failed to report this additional income from his employer.
For the 2018 and 2019 taxation years, the defendant failed to file a return.
“Mr. Goldner has gone to great lengths not to pay taxes, including hiding money from the IRS,” said IRS Criminal Investigative Special Agent Yury Kruty.
But Kruty said Goldner disregarded the IRS’ expertise in tracking the money.
“Mr. Goldner thought he could fly under the radar, but today’s verdict shows how futile his efforts were,” Kruty said.
“‘If at first you don’t succeed, try, try again’ really shouldn’t be a fraudster’s mantra,” added FBI Philadelphia Division Special Agent Jacqueline Maguire.
The case was prosecuted by Assistant U.S. Attorney David Ignall and Jack Morgan, Justice Department prosecutor for the Criminal Division’s Tax Section.