Gurmail Singh of Richmond Hill, NY pleads guilty of tax fraud

WASHINGTON (TIP: An Indian-American has pleaded guilty of tax fraud by concealing his checkcashing activities from his tax return preparers resulting in an estimated revenue loss of between $400,000 and $1 million. Gurmail Singh, a resident of Richmond Hill in New York, had pleaded guilty in July, 2013 in US District Court in the Eastern District of New York, the Justice Department and Internal Revenue Service said. Singh faces a potential maximum sentence of three years in prison and a maximum fine of $250,000. Sentencing is scheduled for January 6, 2014. According to the indictment, court records and admissions made by Singh, he used check-cashing services to cash more than $2.9 million in checks paid to his construction company, Fancy and Vicky Construction Co. Inc. in Richmond Hill, for services between 2006 and 2008. Singh concealed his check-cashing activities from his tax return preparers, and this income was not included as gross income on the company’s tax returns, prosecutors alleged. Singh diverted the cash receipts earned by his companies for his own personal use. He admitted that his failure to report Fancy and Vicky’s gross receipts caused a tax loss of between $400,000 and $1 million, the Department of Justice said.


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