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A former partner with Sullivan & Cromwell in New York has pleaded guilty to charges related to the concealment of over $10 million in income.The New York Times reports that last week John J…
A former partner with Sullivan & Cromwell in New York has pleaded guilty to charges related to the concealment of over $10 million in income.
American authorities allege that O'Brien failed to file income tax returns for the period between 2001 to 2008. It is thought that O'Brien earned in excess of $10 million during this period. It has been alleged that O'Brien used this money for a range of personal expenses, including the maintenance of a rare books business and international travel.
O'Brien, who left Sullivan & Cromwell in 2009, will be sentenced on 16 November. He faces a penalty of up to four years in jail.
Just last month, American authorities charged Theodore Freedman, a former partner at Kirkland & Ellis, with tax evasion of over $2 million
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