While recent tax evasion charges brought against civil rights attorney Stephen Yagman are based largely on expenditures related to his personal lifestyle, federal prosecutors have accused him of concealing money he received as a principal of his Venice, Calif.-based law firm, now called Yagman & Yagman & Reichmann.
On June 23, prosecutors unsealed an indictment that charged Yagman with one count of tax evasion, one count of bankruptcy fraud and 17 counts of money laundering. Prosecutors allege that Yagman failed to pay more than $158,000 in federal income taxes to the Internal Revenue Service and hid assets from trustees overseeing bankruptcies filed on behalf of himself and his former law firm, Yagman & Yagman.
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