Indian-origin man sentenced to 5 years in US for running $27m-tax fraud scheme, helped clients dodge taxes

Aanand Shukla, of Texas, jailed for 5 years in tax fraud case. A Texas man of Indian origin has been sentenced to five years in prison for running a scheme that helped clients avoid paying taxes and facilitating the concealment of more than $27 million in income from the US government.Aanand Shukla was sentenced to 60 months after pleading guilty to conspiracy to defraud the United States. The scheme targeted business owners across the country between 2017 and 2025, according to the DOJ.Shukla and his co-conspirators promoted a trust-based arrangement that was marketed as a way for clients to retain control of their money while avoiding taxes on most of their business income. The packages were sold for between $25,000 and $55,000, with some clients quoted fees of up to $225,000.The scheme was promoted through seminars, webinars, podcasts and direct sales pitches. Prosecutors from the Justice Department's National Fraud Enforcement Division's Tax Section handled the case.

Source: Times of India September 12, 2026 16:43 UTC