According to court papers posted to the website of a United States District Court for the Northern District of California, Russian billionaire Oleg Tinkov has struck a settlement with the U.S. Justice Department over his tax fraud case, TASS reports.
As per the paper, the parties filed a joint motion with the judge, stating that they had reached a settlement deal.
The parties asked the judge to set a court date on October 1st.
The judge has yet to grant the request in writing. Tinkov’s spokeswoman has yet to react to a TASS inquiry on the agreement’s specifics.
When Tinkov abandoned his U.S. citizenship in 2013, the U.S. Internal Revenue Service (IRS) filed a lawsuit against him in a London court in late February 2020, accusing him of submitting a fraudulent tax return and underreporting his income.
On federal accusations in the United States, he faces a maximum sentence of six years in jail.