MTV reality star Mike “The Situation” Sorrentino and his brother Marc, had their charges of tax evasion stemming back from 2014 updated in Newark, New Jersey court on Friday. Mike is was charged with falsifying records in connection with his clothing line Situation Nation and claiming millions in business expenses including luxury cars and “personal grooming.” Mike’s charges also claim that from 2010 to 2012, he conspired to defraud the U.S. by dodging taxes on $8.9 million in income from promotional events.
On Friday, Sorrentino faced new charges accusing him of structuring his funds to evade currency transaction reports, according to a statement from the U.S. Attorney’s Office in New Jersey. The report claims that in 2011 Sorrentino failed to file a personal income tax return and made several cash deposits from different banks on the same day in amounts less than $10,000 in order to avoid the banks’ IRS reporting requirements according to a statement made by the U.S. Attorney’s Office.
Mikes brother Marc is being charged with falsifying records to obstruct a grand jury. If convicted both brothers face up to 20 years of jail time. In a statement on Friday, U.S. Attorney William Fitzpatrick said the brothers created businesses, including MPS Entertainment and Situation Nation, to “exploit Michael’s celebrity status.”
The brothers both allegedly “filed or caused to be filed … false tax returns that understated gross receipts, claimed fraudulent business deductions, and disguised income payments made to the brothers and to others and underreported net business income.”
Mike Sorrentino’s attorney issued a statement to People magazine saying: “Michael Sorrentino will enter a not guilty plea on April 17, and will vigorously contest the allegations in court.”
Oh, and just a reminder: it’s tax season people… So file your taxes!