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President of Russian news channel RTTV America facing prison for tax fraud

The president and owner of RTTV America is facing up to three years in prison for federal tax fraud after he admitted to cooking the books for the Washington-based Russian news channel by filing over $1 million in phony corporate tax deductions.

RTTV America president Alexei Iazlovsky pleaded guilty to submitting false tax returns, a felony, last July. However, his role at the Russian news outlet has not been reported until now.

According to his plea agreement, Iazlovsky transferred over $1 million from RTTV America, Inc. to companies controlled by his personal accountant, diverted $2.6 million in income to an undeclared bank account in Luxemburg, and filed false individual and corporate tax returns between 2002 and 2010.

Iazlovsky, a Russian-born businessman who now resides in Maryland, continues to serve as president of RTTV America, according to corporate records reviewed by the Washington Free Beacon. He is also described as the company’s owner in court documents.

RT America business manager Roman Tokman told the Washington Free Beacon that the RT America news channel is unrelated to RTTV America, Inc.

Click for more from the Washington Free Beacon.