Medford Doctor Pleads Guilty to Tax Evasion
A Burlington County Doctor faces a maximum of five years in prison after admitting to failing to report over $1 million dollars in income diverted from his medical practice. 58-year-old licensed Osteopathic Physician Scott Salkind of Medford pled guilty to one count of income tax evasion in Camden Federal Court Friday.
According to court documents, from 2005 through Salkind failed to report more than $1 million of income on his federal income tax returns by diverting corporate business receipts into a shell company bank account under his control. He then withdrew the money by purchasing cashier's checks payable to himself and used the money to pay personal expenses.
Sentencing is scheduled for June 22nd, 2012.