TINICUM TWP., Pa. - A Bucks County man was sentenced Thursday to 18 months in prison for filing false tax returns and structuring cash deposits of marijuana sales proceeds.
Acting United States Attorney Louis Lappen sentenced Bradley Mark Cohen, 61, of Ottsville, following Cohen's guilty plea in July.
Cohen pleaded guilty to four counts of filing false tax returns and three counts of structuring cash deposits to avoid a reporting requirement. He was ordered to pay restitution of over $84,000 in back taxes to the IRS, according to a report from the U.S. Department of Justice for the Eastern District of Pennsylvania.
Cohen admitted he used the money he earned from his companies, Green Revolution Inc. and Plug-In Manufacturing, to pay the majority of his living expenses. He used it for his home mortgage, personal credit cards, golf club membership, and some home improvements instead of reporting the money -- over $950,000 -- on his tax returns. He treated his payments as business expenses that he falsely deducted from his income.
The 61-year-old businessman also said he received cash from the illegal sale of marijuana. According to reports, he had the substance shipped to him from California and deposited the proceeds of over $143,000 into his bank accounts in amounts of less than $10,000 to evade banks' currency transaction reporting requirements. This occurred from January 2014 through September 2015.
Officials have recovered the remains of two people from the rubble of a Chester County senior living community following last week's fire.Read More »
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