Burbank Businessman Handed 2-Year Prison Sentence For Tax Evasion

BURBANK, IL — A Burbank businessman was handed a two-year prison sentence in a federal prison for willfully evading more than $3.7 million in federal and state income taxes.
Abraham Kiswani, 54, pleaded guilty last year to a federal tax evasion charge. In addition to the prison term, U.S. District Judge Manish S. Shah fined Kiswani $10,000 during his sentencing on March 7.

According to federal prosecutors, Kiswani served as president of the World Security Bureau. The Chicago-area security firm did business as World Security Agency. From 2010 through 2013, the feds alleged that Kiswani concealed his wages, compensation and income from being reported to the IRS.

Kiswani directed the staff member in charge of payroll to stop issuing payroll checks to Kiswani, and instead pay him with checks falsely categorized as “subcontracted services.” He also had the business to pay a wide range of his personal expenses, which Kiswani falsely identified as business expenses, federal prosecutions said.

An investigation determined that Kiswani failed to report approximately $10 million in income that he received, resulting in a tax loss to the U.S. and State of Illinois totaling approximately $3,708,065.