An Australian citizen has pleaded guilty to tax fraud for running a scheme in which he underreported $18.5 million in taxable income by investing his company’s taxable revenues in a Congolese diamond mine, and claiming the investments were consulting expenses.
State Attorney General Eric Schneiderman’s office said Gary Mole, 52, agreed to make full restitution of the $670,000 in state income taxes that he and the company of which he was the sole shareholder and CEO, Glacial Energy of New York, admitted to evading from 2006 to 2008.
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