NJ man admits role in money laundering
TRENTON – New Jersey authorities say a man has admitted his role in a scheme in which a doctor allegedly used more than two dozen “phantom employees” to help launder $3.6 million in earnings and avoid paying taxes.
Mohammed Shamshair pleaded guilty Monday to conspiracy and money laundering. The 52-year-old Sayreville man faces an eight-year prison term when he’s sentenced May 16.
Prosecutors say Shamshair conspired with Manoj Patharkar, a doctor who ran pain management clinic in Edison and Passaic.
They claim Patharkar, a 44-year-old South Amboy resident, cheated the state out of $327,000 in taxes by creating about 28 “phantom employees.” He allegedly used names, social security numbers and other identifying information that he obtained from an accountant who was promised a share of the money.
The charges against Patharkar are pending. A telephone number for him could not be located Monday.