Jason Cory, former head of the company called SharedLabs, was also told to pay $606,195 in restitution on taxes he owed.
Cory, 49, had used his post at the company to send money to a shell company, Gambit Matrix LLC, as faux payments for non-existent consulting work the U.S. Justice Department said in a release this week. He had also moved money there from a New York IT services company he used to work for, the agency said, so that between 2015 and 2018, about $1.5 million went into Gambit’s accounts to hide his income.
As part of the sentence this week, U.S. District Judge Marcia Morales Howard told Cory he’d also have to pay $606,195 is restitution for the taxes he owed on that hidden income.
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