A Miami man who routed millions in business income through a U.S. Virgin Islands entity is now giving up luxury cars, multimillion-dollar properties and more than $34 million after pleading guilty to filing a false tax return.
Daniel Liburdi, 37, agreed to pay $34,846,381 in restitution to the IRS after admitting to one federal count, according to News4JAX. He also agreed to forfeit three properties in Miami Beach and the U.S. Virgin Islands, along with two Ferraris, a Land Rover Range Rover and money held in several financial accounts.
A copy of the federal court filing says Liburdi reported business income on his 2023 tax return as belonging to a U.S. Virgin Islands-based entity instead of the U.S.-based companies that actually generated it. Prosecutors said that maneuver allowed him to claim Economic Development Commission beneficiary exclusions on income that did not qualify, reducing his reported tax liability by nearly $10 million for 2023.
The filing also says Liburdi’s income reporting for 2021 and 2022 caused more than $24 million in additional tax loss to the government. Together, the alleged misreporting over three tax years produced the roughly $34.8 million restitution obligation.
The forfeiture package adds another $39 million or so to the total value tied to the case: approximately $37.5 million in real estate, $1.1 million in vehicles and $414,508 in financial accounts, News4JAX reported. U.S. Attorney Gregory W. Kehoe called the conduct a deliberate effort to evade taxes and exploit public funds, while IRS Criminal Investigation officials said the case shows wealthy taxpayers can still face scrutiny for false filings.
Sentencing Is Scheduled For August
Liburdi faces a maximum sentence of three years in federal prison. His sentencing is scheduled for Aug. 18, when a federal judge will consider the applicable sentencing guidelines and other factors before deciding the punishment.
The Miami case also echoes a South Florida tax prosecution from last year. In June 2025, the Justice Department said Miami-Dade investor Suresh Gajwani pleaded guilty after submitting a false IRS document aimed at shielding roughly $30 million in capital gains through a Puerto Rico tax incentive program, a case Hoodline previously covered.
