Insurance agent made nearly $5 million, paid no tax

Forty-nine-year-old faces jail over unpaid taxes

Insurance agent made nearly $5 million, paid no tax

Insurance News

By Lyle Adriano

An insurance agent in Chicago has pleaded guilty to not paying federal and state income taxes as he made hundreds of thousands of dollars each year.

John Ocwieja, 49, made over $4.7 million in income between 2006 and 2016, but failed to pay income taxes, the government alleged. Of the 11 years he failed to pay for income taxes, Ocwieja earned over $500,000 in three years and more than $300,000 in four other years.

A release from the US Attorney’s Office for the Northern District of Illinois said that Ocwieja’s failure to pay led to a combined loss to the federal and state government of more than $1.1 million.

Chicago Business Journal reported that Ocwieja pleaded guilty to three counts of willfully failing to file a federal tax return.

“Ocwieja acknowledged in the plea agreement that he used the funds for personal matters instead of satisfying his tax liabilities,” a statement from the US Attorney’s Office read.

The insurance agent faces a maximum total sentence of three years in federal prison; he will be sentenced December 18, 2018.

 

 

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