Although he might be accustomed to the chilly waters off the coast of New Jersey, Mike “The Situation” Sorrentino has found himself in hot water recently with the IRS, and has agreed to a guilty plea on tax fraud charges filed against him by the government.
Dating back to an indictment reported here over three years ago, brothers Mike “The Situation” and Marc Sorrentino were accused by the IRS of failing to properly report and pay taxes on approximately $8.9 million that the pair earned between 2010 and 2012.
Despite initially declining a plea arrangement in December of 2017, it seems the two may have had a change of heart over the holidays while contemplating the 15 and 25 years of jail time Mike and Marc, respectively, were facing for their tax evasion.
The indictment accused the two of making multiple deposits of less than $10,000 into numerous accounts in order to avoid raising suspicion regarding the amount of their income. Charges also claim that the value of items such as cars and clothes were both overestimated and used as business expense deductions on the taxes that were actually filed.
The terms of the plea haven’t been announced, and attempts to contact their lawyers have not been returned, but taking the plea seems like the right choice here. When it comes to any gym, tanning, and laundry “The Situation” will be doing in the near future, I think we can all assume Mike wants as little of it as possible to be behind bars.