Mark Anthony Gyetvay is accused of illegally hiding $93 million offshore to avoid paying taxes in the U.S. where prosecutors say he lives.
The chief financial officer of Russia’s largest independent natural gas producer, PAO Novatek, has been indicted on tax fraud and tax evasion charges in the U.S., where he lives, for allegedly hiding nearly $100 million in overseas accounts.
From 2005 until 2016, prosecutors say Gvetvay, who lives in Naples, Fla., allegedly attempted to obscure his connection to the assets he had squirrelled away abroad and filed phony foreign banking compliance forms which omitted the existence of the accounts.Messages left with Gvetvay weren’t immediately returned. He was scheduled to appear in federal court in Florida on Friday and it wasn’t immediately clear if he had retained an attorney.
Since he became CFO of Novatek, which is the second largest gas producer in Russia behind state-owned OAO Gazprom, Gyetvay received substantial compensation in lucrative stock options, which he directed into his offshore accounts, according to court documents. Prosecutors say that despite Gyetvay being a certified public accountant, he repeatedly filed his taxes late and failed to file complete accounts of his offshore holdings as is required for all U.S. taxpayers.
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