Menu

Lottery Winner’s Luck Runs Out


Posted on December 08, 2021

Mustafa Shalash pleaded guilty to one count of filing a false tax return in connection to lottery winnings in 2015. Shalash won a million dollars in the Ohio state lottery and that year declared $1,069,100 in winnings, along with $1,069,100 in gambling losses. To hide the money he wired $690,000 to bank accounts he owned abroad, including $440,000 to an account in Jordan.

IRS investigators discovered that Shalash regularly flew to Jordan with cashier’s checks in amounts ranging from $10,000 to $25,000 that he deposited in personal bank accounts without filing the required Form 105, Report of International Transportation of Currency or Monetary Instruments. On his tax returns he also failed to report that he had foreign bank accounts.

Shalash caused a tax loss to the IRS of $255,967. He faces a maximum sentence of three years in prison, a fine of up to $100,000 and restitution.

 


« Return To Blog

Speak With A Tax Resolution Expert

1-877-447-7529


Chicago Area Tax Attorneys

IRS Trouble Solvers

100 S. York Rd. Ste. 214
Elmhurst, IL 60126
IRS Trouble Solvers, Tax Consultant, Chicago IL
Featured in WBBM
Proud Member of the
American Society of Tax Problem Solvers



© 2022 IRS Trouble Solvers, LLC. - Privacy Policy - Terms and Conditions
Disclaimer