A Brisbane Recycling executive and his former legal advisor have been handed hefty prison sentences for engaging in a multi-million-dollar tax fraud scheme. According to the U.S. Attorney's office, Joseph Nubla and Henry Ku were convicted of conspiracy and tax evasion.
The Justice Department disclosed that Nubla, the former president of the rock-crushing company, and Ku, the legal professional turned fraudster, systematically diverted over $18 million from 2008 to 2016, to avoid tax obligations.
They have been sentenced to 36 and 30 months behind bars, respectively, with Nubla also charged with tax evasion for failing to report a substantial $5.8 million in income. In addition, the court has imposed a staggering restitution bill of over $9 million and fines of up to $15,000 each.
The trial exposed a web of deception, with Nubla leading the operation in Brisbane and Ku orchestrating financial maneuvers through various entities, including Pegasus Aggregate and JPM Energy. The defendants were accused of evading taxes out of sheer greed, according to U.S. Attorney Ramsey, while IRS-CI's Silva celebrated the sentencing as a victory against financial wrongdoing.
