WHITE PLAINS – Lewisboro Town Justice Marc Seedorf pled guilty in federal court in White Plains to tax evasion.
It was alleged that during the tax years 2005 through 2015, despite being required to do so, Seedorf did not file income tax returns. As a result of the income earned from 2005 through 2008, he incurred federal income tax liability of approximately $323,000 including interest and penalties. Also, from 2009 through 2013, he incurred federal tax liability of some $164,000 including interest and penalties.
In August 2012, Seedorf receive $1.5 million in connection with the settlement of a civil lawsuit. At Seedorf’s request, the law firm that represented him in the suit deposited the settlement money into its attorney trust account to be disbursed to Seedorf at an unspecified later date. The money was to be disbursed partially to accounts other than his personal bank account, including his law firm’s operating account, his law firm’s attorney trust account, and his brother-in-law’s personal account, in order to disguise the source of the funds he used to make payments to the IRS and other creditors, and the existence of the remainder of the settlement proceeds.
Seedorf pled guilty to one count of tax evasion, which carries a maximum sentence of five years in federal prison.
