WESB News: 12/15/07 - Bradford Doctor to Serve Prison Time
A doctor who practiced medicine in Bradford was sentenced in Erie to 24 months of Federal prison time arising from tax evasion yesterday (Friday).
Martin D. Jacobs was also ordered to pay all back taxes.
According to the Prosecution Attorney, Jacobs evaded paying his income taxes for several years, from 1997 to 2006.
He further claims that Jacobs tried to hide very large amounts of personal assets from the IRS, and transferred money to several bank accounts under a false social security number, in the United States, and in Switzerland and the Netherlands.
The total assets he attempted to hide from authorities equal to appx $554 thousand dollars.