Great Neck Brothers Concealed Millions In Income From Government

Two brothers from Great Neck pleaded guilty on Wednesday to filing false tax returns for concealing millions of dollars in income in overseas bank accounts, according to the United States Attorney for the Eastern District of New York.

Parviz Hakimian, 70, and Khosrow Hakimian, 64, agreed to pay $7,730,000 in civil penalties as part of their guilty plea.

United States Attorney Richard P. Donoghue said the Hakimian brothers used those overseas bank accounts to conceal their money from the United States government.

According to officials, the the Hakimian brothers maintained undeclared bank accounts at a private bank in Tel Aviv, Israel from 2009 to 2011. The bank provided private banking services to United States taxpayers and maintained their undeclared accounts, the USAO said. Both Parviz and Khosrow Hakimian failed to report these accounts, as well as the interest income, in their tax filings, officials say.

“The Hakimian brothers took extreme measures to evade paying millions in taxes, while other taxpayers paid their fair share,” IRS-CI Special Agent-in-Charge James D. Robnett said in a statement. “This should not and will not be tolerated.

The men face a maximum of three years in prison.

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