The midday crime was an allegation. This one already has a number.
Justice Department, Sept. 11: Aanand Shukla, of Jonestown, Texas, was sentenced to 60 months in prison for conspiracy to defraud the United States. He pleaded guilty March 10. From 2017 to 2025, prosecutors say he and co-conspirators promoted, sold, and used an abusive trust tax shelter that promised business owners they could “own nothing, control everything” and wipe taxes on nearly all business income while keeping control of the money. Quoted fees as high as $225,000. Typical packages $25,000 to $55,000.
The pitch, per DOJ: restructure so about 98% of business income flowed through layered trusts and a private family foundation. Run personal expenses — vehicles, entertainment, mortgages — through the trusts and deduct them. Seminars, webinars, podcasts, direct sales. He created the documents, trained other promoters, and steered clients to tax preparers he knew would play along. He facilitated concealment of more than $27 million in income from the IRS. IRS-CI investigated. Western District of Texas. National Fraud Enforcement Division.
This is not Chaudhari. That file is still a charge. This one is a sentence after a plea.
What this means for you
If you bought a trust that promised to erase the IRS, this is the exhibit. If you needed a Minnesota verdict, wait. If you needed Conti’s four years, that was Thursday.
Bottom line: 60 months. $27 million hidden. The slogan was the product. The plea was March.
GLHR NEWS explains the news. Not investment, tax, or trading advice. Do your own work before you act.
