James F. McDonough
Of Counsel
732-568-8360 jmcdonough@sh-law.comFirm Insights
Former Chicago Bears' Chris Zorich Pleads Guilty to Tax Evasion
Author: James F. McDonough
Date: March 13, 2013
Key Contacts
Back
Chris Zorich, the former lineman for the Chicago Bears, plead guilty to tax evasion, including failing to file federal income taxes for four years.
The ex-NFL star allegedly failed to file federal returns between 2006 and 2009, and is also being charged with generating income relating to work for his charity, deferred payments from the Bears, work for a law firm and appearance fees, according to NBC Chicago. In addition, he received $3,000 each month from the charity he founded in 1993 – the Zorich Foundation – the payments of which are supposedly related to the home office Zorich kept to manage the foundation’s records, according to the Chicago Tribune.
Although Zorich is said to be cooperating fully with federal prosecutors, he faces $100,000 for each of the four counts as well as up to four years in prison. Zorich has requested that potential prison time be reduced to probation. In addition, he explained that his cousin, Barbara Singer, previously handled both his personal finances and tax accounting, as well as the finances of his charity foundation. Singer was diagnosed with cancer and passed away in 2008, the Tribune notes. Zorich’s representatives said that while it doesn’t excuse his failure to file his taxes, Singer’s death did contribute to the majority of his financial troubles.
The case marks the second time that the former Bears player has been in hot water with federal authorities. Zorich was scrutinized in 2012 after $350,000 went missing from his charity organization, and Zorich’s bank records failed to shed light on how the funds were appropriated. Although he denied misusing the funds, he promptly promised to pay the unaccounted funds. In addition, he was barred from taking a leading role in charities in the state of Illinois, the Tribune reports.
- Practices: Tax and Trusts & Estates
- Locations: Red Bank, NJ, New York City, Little Falls, NJ
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Related Posts
See all
Corporate Consolidation and Antitrust Issues in Mergers
Corporate consolidation involves two or more businesses merging to become a single larger entity. The result is often a stronger and more competitive company that can better navigate today’s competitive marketplace. What Is Corporate Consolidation? Corporate consolidation closely resembles a basic merger transaction. The primary difference is that a consolidation creates an entirely new business […]
Author: Dan Brecher
What is Business Law and Why Is it Important?
Business law plays a critical role in nearly every aspect of running a successful enterprise, from negotiating a commercial lease to drafting employee policies to fulfilling corporate disclosure obligations. Understanding what is business law and your legal obligations can help your business run smoothly and build productive relationships with clients, business partners, regulators, and others. […]
Author: Dan Brecher
Corporate Transactions: Best Practices for Successful Deals
Corporate transactions can have significant implications for a corporation and its stakeholders. For deals to be successful, companies must act strategically to maximize value and minimize risk. It is also important to fully understand the legal and financial ramifications of corporate transactions, both in the near and long term. Understanding Corporate Transactions The term “corporate […]
Author: Dan Brecher
How to Conduct a Fair and Legal Employee Termination in 2025
Ongoing economic uncertainty is forcing many companies to make tough decisions, which includes lowering staff levels. The legal landscape on both the state and federal level also continues to evolve, especially with significant changes to the priorities of the Equal Employment Opportunity Commission (“EEOC”) under the Trump Administration. Terminating an employee is one of the […]
Author: Angela A. Turiano
Admin Dissolution for Annual Report: What You Need to Know
While filing annual reports may seem like a nuisance, failing to do so can have significant ramifications. These include fines, reputational harm, and interruption of your business operations. In basic terms, “admin dissolution for annual report” means that a company is dissolved by the government. This happens because it failed to submit its annual report […]
Author: Dan Brecher
What Is Antitrust Litigation Law?
Antitrust laws are designed to ensure that businesses compete fairly. There are three federal antitrust laws that businesses must navigate. These include the Sherman Act, the Federal Trade Commission Act, and the Clayton Act. States also have their own antitrust regimes. These may vary from federal regulations. Understanding antitrust litigation helps businesses navigate these complex […]
Author: Robert E. Levy
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.