Authorities allege Gabi Livshitz concealed $419,000 in winnings through unreported foreign accounts
Poker Pro Gabi Livshitz Accused of Tax Evasion Using Cryptocurrencies and Offshore AccountsProfessional poker player Gabi Livshitz, known for competing in international tournaments, is under investigation for allegedly evading taxes amounting to at least 1.5 million shekels ($419,000) between 2019 and 2022. Authorities claim Livshitz concealed his income through the use of cryptocurrencies and unreported bank accounts in the United States, Russia, and the Czech Republic.
The investigation took a serious turn earlier this week when Livshitz was questioned at the Jerusalem office of the Tax Authority following a search of his residence. He was subsequently released under strict conditions, including a travel ban and the requirement to post guarantees and deposits totaling 530,000 shekels ($148,000).
In a statement presented to the Jerusalem Magistrate’s Court on Wednesday, the Tax Authority detailed its accusations. “Livshitz participates in poker games globally, primarily online. He engaged in various unlawful methods to evade taxes and failed to report his full earnings,” the report stated.
Officials allege that Livshitz used cryptocurrencies to enter tournaments and receive winnings, which were not fully declared to tax authorities. Additionally, he is accused of converting his winnings through currency exchange services and failing to disclose multiple foreign bank accounts in the United States, the Czech Republic, and Russia. The Tax Authority further claims he withheld information about his total income from his tax representative.
The investigation is ongoing, and Livshitz’s financial activities remain under close scrutiny as authorities work to uncover the full extent of the alleged tax evasion scheme.
Source: https://www.calcalistech.com/ctechnews/article/syaf4lxoye
