An accounting professor has been convicted for evading about $1.25 million in income taxes. This month, Gordian A. Ndubizu, 69, of Princeton Junction was convicted for four counts of tax evasion and four counts of filing false tax returns from 2014 through 2017.A professor at Drexel University, Ndubizu was also owner Healthcare Pharmacy in Trenton, a S Corp, for which he failed to report approximately $3.28 million in income
According to court records, he inflated cost of goods sold to underreport profits and falsely claimed some wire transfers were payments for purchasing goods sold by the pharmacy when they were in fact made to his ban accounts and accounts in Nigeria associated with an automotive company under his control.
During the same time, his wife, Florence Ndubizu, then 62, co-owner of the pharmacy and formerly pharmacist in charge, was indicted in May 2022 on a charge of conspiracy to distribute controlled substances, including oxycodone.
She was accused the pharmacy was one of the largest purchasers of oxycodone in New Jersey and distribution, including more than 800,000 pills in 2014; more than 900,000 pills in 2015; more than 800,000 pills in 2016; and more than 200,000 pills in 2017 until the DEA suspended the pharmacy’s registration
Gordian Ndubizu was hired as assistant professor by Dexel in 1987. In 2012, he received an outstanding educator award from the American Accounting Association and International Accounting section
