U.S. Department of Justice

12/12/2018 | Press release | Distributed by Public on 12/12/2018 17:28

Georgia Precious Metals Broker Convicted Of Willfully Failing To File Tax Returns

A federal jury in Atlanta, Georgia, convicted Saleem Hakim, 49, of three counts of failing to file federal income tax returns, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department's Tax Division.

According to court documents and evidence presented at trial, Saleem Hakim was in the business of brokering the sale of precious metals to clients. As a precious metal broker, Hakim received funds from clients, converted a portion of the funds to precious metals, and kept the remainder for his personal use. For the years 2011 through 2013, the total amount Hakim retained was in excess of $1 million. Despite receiving income in excess of the filing thresholds and knowing his obligation to make and file tax returns, Hakim did not file any income tax returns. Hakim is a former resident of Smyrna, Georgia.

Sentencing is scheduled for February 26, 2019. Hakim faces a maximum of one year in prison on each count, as well as a period of supervised release and monetary penalties.

Principal Deputy Assistant Attorney General Zuckerman commended special agents of IRS-Criminal Investigation, who investigated the case, and Trial Attorneys Jeffrey Bender and Kathryn Sparks of the Tax Division, who are prosecuting this case.

Additional information about the Tax Division and its enforcement efforts may be found on the division's website.