"

Estimated reading time: 0 minutes, 45 seconds

Former CPA Gets Seven-month Sentence

Thomas D. Ziff, a former CPA who operated a firm in Atlanta, Ga., has been sentenced to seven months in prison for tax fraud. Ziff, who pleaded guilty to the charge in February which stemmed from his theft of about $300,000 from a trust associated with a client's will.

Ziff operated his tax and accounting firm, Tom Ziff CPA, from January 2006 through December 2010. As trustee of the client's account, Ziff, who had sole signatory authority, opened a bank account in the name of the trust at Wachovia Bank.

He then transferred the $300,000 to bank accounts that he controlled and spent the money for personal uses. Ziff drew the tax fraud charge because he failed to report the embezzled funds on his federal income tax returns for tax years 2008, 2009 and 2010.

Besides receiving the prison sentence, Ziff must serve one year of supervised release and pay $47,539 in restitution to the Internal Revenue Service.

Read 4814 times
Rate this item
(0 votes)

Visit other PMG Sites:

Template Settings

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Text Color

Header

Background Color

Footer

Select menu
Google Font
Body Font-size
Body Font-family
Direction
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.