Summary: A former partner of the prestigious Hughes, Hubbard and Reed law firm was caught evading his personal income tax returns for over five years.
Sixty-one-year old Jeff Galloway, a former partner at the law firm Hughes, Hubbard and Reed LLP, plead guilty to criminal tax fraud in the third degree. The offense is a D class felony.
Galloway was making almost $1 million a year with the New York City law firm. He failed to file his New York State personal income tax return or to pay his taxes owed from his earnings between 2005 and 2010.
The District Attorney, Cyrus Vance, Jr. praised the work of the New York State Department of Taxation and Finance saying, “When individuals fail to pay their fair share, New Yorkers are forces to make up the difference.” The department works hard to ensure “that those that seek to avoid accountability are held responsible.”
Galloway was approached in April 2012 for his repeated failure to file. He lied, claiming that he did file his tax returns but had made an error typing his Social Security number. Galloway filed amended personal income tax returns for those years to show his attempt to fix the typo, but they were false. There were excessive deductions that included rent for four Battery Park City residential apartments, monthly garage parking for two personal vehicles, and more.
Hughes, Hubbard and Reed dates back to New York in the 1880s. One of the first partners, Charles Evans Hughes, was elected governor of New York in 1906 and served two terms before he was appointed to the U.S. Supreme Court in 1910 by President William Howard Taft. Hughes returned to the firm in 1916 after a narrow defeat for president against Woodrow Wilson.
Hughes son, Charles Evans Hughes, Jr., was a firm partner but resigned in 1929 to be a U.S. Solicitor General. He rejoined the firm a year after his father’s confirmation as Chief Justice.
Photo: lawyers.justia.com
Galloway profile: LinkedIn.com
Vance profile: wikipedia.org