Morris County Plastic Surgeon Evaded $5.8M In Taxes, Bought Houses, Jewelry: Feds

A Morris County man with a plastic surgery practice in Basking Ridge has been found guilty on eight counts of conspiracy, personal, and corporate tax evasion, United States Attorney Paul Fishman announced.

David Evdokimow, 55, of Harding Township was convicted of one count of conspiring to defraud the United States, four counts of personal income tax evasion, and three counts of corporate tax evasion after a three-week trial, Fishman said.

According to the indictment, Evdokimow spent four years hiding money and forging signatures for various bank accounts rather than paying taxes to the IRS.

The evidence, per Fishman, stated:

Evdokimow ran his medical practice through a corporation called De’Omilia Plastic Surgery P.C. (De’Omilia). He conspired with others to conceal millions of dollars of taxable income from the IRS by forming shell corporations and then having trusted associates open bank accounts for those corporations. Evdokimow then convinced these trusted associates to give him their signatures or signature stamps so that he had full access to the shell company bank accounts while at the same time being able to conceal his connection to those accounts. He and the other conspirators then funneled millions of dollars in De’Omilia income into the bank accounts of the shell corporations and falsely claimed that these transfers were legitimate business expenses. Evdokimow also used bank accounts in the name of De’Omilia to pay his personal expenses, and falsely claimed those were business expenses too.

Evdokimow used the shell corporation and De’Omilia bank accounts to pay for more than $5.8 million in personal expenses, including designer apparel, jewelry, vacations, artwork, and multiple residences, all of which he falsely claimed as business expenses.

Evdokimow also opened accounts at several banks in order to cash checks received directly from patients for professional medical services. Between 2009 and 2011, Evdokimow cashed over $360,000 in checks from patients, which he failed to report on his federal income tax returns.

Evdokimow was convicted of concealing over $5.8 million in income from tax years 2006 to 2010. By concealing this income, Evdokimow evaded paying almost $3 million in taxes during that period.

Evdokimow will be sentenced on Feb. 24, 2016 and faces up to five years in prison and a $250,000 fine for each of the eight charges.