ALBANY – A 74-year-old Elka Park man pled guilty Wednesday to conspiring with others to evade taxes on personal income earned from stock sales.
Joseph Radcliffe, a former Wall Street stockbroker, admitted that from at least 2013 through 2019, he conspired with two family members to receive hundreds of thousands of dollars that went unreported to the IRS, allowing him to defraud the IRS and evade paying taxes on approximately $500,000 in unreported income.
That unreported income originated from capital gains earned in brokerage accounts standing in the names of Crackerjack Classics LLC and Universal Consulting LLC. Those companies made payments to Radcliffe.
He faces up to five years in federal prison and a maximum fine of $250,000 when sentenced in April 2022.
