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Charges Against Former Sullivan & Cromwell Partner

Charges Against Former Sullivan & Cromwell Partner

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Published by DealBook
United States Attorney's Office, Sullivan & Cromwell, John J. O'Brien
United States Attorney's Office, Sullivan & Cromwell, John J. O'Brien

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Published by: DealBook on Aug 04, 2011
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Case1:11-cr-00652-UADocurnent.t+Filed0&83/1.1.
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UNITEDSTATESDISTRICTCOURTSOUTHERNDISTRICTOFNEWYORK
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UNITEDSTATESOFAMERICA
-V.-
MISDEMEANORINFORMATIONJOHN
J.
O'BRIEN,IICr.Defendant.
11
CRIM
652
------------------------------------~----x
COUNTSONEANDTWO
(WillfulFailuretoFileU.S.IndividualIncomeTaxReturns)TheUnitedStatesAttorneycharges:
Introduction
1.AtalltimesrelevanttothisInformation,JOHNJ.O'BRIEN,thedefendant,wasanattorneyandresidentofNewYork.NewYork.
1
2.Frominorabout2000throughinoraboutApril2009,JOHN
J.
O'BRIEN,thedefendant,servedasacorporatepartner,
or
"member,"ofamajorWallStreetlawfirmpartnership("theLawFirm"),whichmaintaineditsprincipalofficeinNewYork,NewYorkbut
whichalsomaintainedofficesinCalifornia,Washington,D.C.,andtheUnitedKingdom.While
servingasapartnerattheLawFirm,O'BRIENspecializedincorporatemergersandacquisitions.
TheDefendant'sPartnershipIncome
3.Forthetaxyears2001throughandincluding2008,JOHNJ.O'BRIEN,thedefendant,waspaidthefollowingapproximateamountsofpartnershipincomebytheLawFinn:
 
Case1:11-cr-00652-UADocument1Filed
08/03/11
Page2of6
2002$797,7542003$931,8392004$1,227,2722005$1,218,5682006$1,663,6362007$1,839,8982008$2,336,387TOTAL$10,799,3514.AtalltimerelevanttothisInformation,theLawFirmreporteditsincomeannuallyonaU.S.PartnershipIncomeTaxReturn,Form1065,whichwaspreparedbytheNewYorkofficeofamajorUnitedStatesaccountingfirm.InconnectionwithitsannualpreparationoftheLawFinn'sForm1065,theaccountingfirmalsopreparedandcausedtobetransmittedtoeachoftheLawFirm'spartners,includingJOHNJ.O'BRIEN,thedefendant,anIRSScheduleK-l,whichreportedeachpartner'sshareoftheLawFirm'sincome,deductions,andcredits.TheaccountingfirmalsosenttoO'BRIENannuallyacoverletteraccompanyingtheScheduleK-1,whichexplainedthattheinformationcontainedontheScheduleK-1shouldbeutilizedbyO'BRIENinconnectionwiththepreparationofO'BRIEN'sU.S.IndividualIncomeTaxReturn,Form1040.TheDefendant'sWillfulFailuretoFileTaxReturnsandPayTaxes5.Notwithstandinghisreceiptoftheabove-listedincomeforthetaxyears2001throughandincluding2008,andhisannualreceiptofaScheduleK-lfromtheLawFirm'saccountants,JOHNJ.O'BRIEN,thedefendant,willfullyfailedtofileaU.S.IndividualIncomeTaxReturn,Form1040,foreachofthoseyearsandwillfullyfailedtopaythetaxesdueandowingonthatincome.Instead,O'BRIENusedhisunreportedpartnershipincometopayforvariouspersonal
2
 
Case1:11-cr-00652-UADocument1Filed
08/03/11
Page3of6
expenses,including:thepurchaseofaweekendhome;variousinternationaltravel;andthefundingofararebooksbusiness.Between2004and2008,O'BRIENpersonallymadeinexcessof$3,000,000incapitalcontributionstotherarebooksbusinessratherthanpayinghisincometaxliabilities,whichtotaledinexcessof$2,500,000.TheDefendant'sFailureToComplywiththeLawFirm'sRequirementThatPartnersCertifyTheirComplianceWithAllIncomeTaxFiJinlReguirements6.Frominorabout2001throughinorabout2009,theLawFirmhadapolicymandatingthateachpartnercertify,onanannualbasis,thatheorshewasincompliancewithallfederalandstateincometaxfilingrequirements.TheLawFirmattemptedtoimplementthispolicybysendingannuallytoeachpartneracertificationform,whicheachpartnerwasrequestedtofillout,sign,andreturntocertainLawFirmadministrativepersonnel.NotwithstandinghisawarenessofthisLawFirmpolicy,JOHNJ.O'BRIEN,thedefendant,willfullyfailedtocomplywiththeLawFirm'scertificationrequirementbyfailingtofillout,sign,andprovidetotheLawFinntheformcertifyingthathehadfulfilledhisobligationtofileallapplicablefederalandstateincometaxreturns.StatutoryAllelations7.Onoraboutthetaxreturnduedatessetforthbelow,intheSouthernDistrictofNewYork,JOHNJ.O'BRIEN,thedefendant,willfullyandknowinglydidfailtomakeanincometaxreturnforthecalendaryearsstatedbelow,totheInternalRevenueServiceortoanyotherproperofficeroftheUnitedStates,statingspecificallytheitemsofhisgrossincomeandanydeductionsandcreditstowhichhewasentitled,whereas,asO'BRIENthenandtherewellknewandbelieved,hehadgrossincomeofinexcessof$l.2millionforeachofsuchyears,and,byreasonofsuchincome:3

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