Jason Kronick, a multimillionaire originally from New Jersey, has found himself on the wrong side of the law. Following an investigation that peeled back layers of financial deceit, Kronick was convicted on charges of tax evasion. The case, brought forth by the U.S. Attorney's Office, revealed that despite claiming zero income in a 2011 IRS statement, Kronick had actually pulled in upwards of $2.8 million.

The financial missteps didn't stop there. IRS-Criminal Investigation agents uncovered that Kronick had funneled approximately $1.5 million from his business accounts to acquire an assortment of 40 "rare and expensive" Patek Philippe and Rolex watches from a jeweler in Florida. These purchases were dubiously listed as business expenses. Additionally, reports revealed he withdrew large sums of money from casinos in Pennsylvania, New Jersey, and the Bahamas, intending to launder it through chip cash-ins and check-cashing services. This painted a picture of a man playing fast and loose with the tax code. According to Local10, his methods were far from legal.

The legal proceedings culminated in a jury trial where Kronick faced his fiscal misdeeds. The conclusion was stark: he was convicted on three counts of income tax evasion and one count of employment tax evasion. It was a definitive end to a saga of evasion and entitlement, showcasing the government's unyielding stance against those who skirt their financial responsibilities.

As the judge made his decision, Kronick's financial reputation crumbled. He is set to be sentenced on November 14, 2024, following his conviction.