Aberdeen lawyer accused of hiding $800,000 from taxman
A lawyer from Aberdeen, who allegedly got hundreds of thousands of dollars in kickback cash from doctors, is now charged with trying to hide it all from the Internal Revenue Service.
Magdy Fouad Anise, 51, aka Michael Anise, is charged with one count of structuring cash transactions to avoid reporting requirements, and a count of structuring more than $100,000, according to information from the office of New Jersey U.S. Attorney Paul Fishman.
Anise, of the Anise & Anise firm in Jersey City, was accused of taking payments from doctors in exchange for personal-injury client referrals between 2009 and 2011. Investigators said he amassed $800,000 from various sources by 2012.
The attorney deposited the money in five bank accounts in amounts below $10,000, avoiding currency transaction reports (CTR) that must be filed with IRS at that level or above. CTRs identify the parties involved in transactions.
A conviction on the structuring charge would net Anise as many as five years in prison, but if found guilty of structuring more than $100,000, it would be a sentence of up to 10 years. Each charge carries a maximum $250,000 fine.