Doctor Hid Assets, Evaded $1.6M in Taxes - Now Sentenced to Prison Time


Posted October 11, 2025 by premiercreditplus

An Illinois physician from Lake Forest has received a 34-month prison sentence after admitting to a prolonged scheme involving health care fraud, asset concealment, and tax evasion.

 
An Illinois physician from Lake Forest has received a 34-month prison sentence after admitting to a prolonged scheme involving health care fraud, asset concealment, and tax evasion. From 2011 to 2017, Dr. Krishnaswami Sriram orchestrated a multi-faceted deception, costing the U.S. government approximately $1.6 million in lost tax revenue. Additional court documents from a case that was decided in April 2007 show this wasn’t the first time the physician was accused of fraudulent practices. Learn More - Doctor Hid Assets, Evaded $1.6M in Taxes - Now Sentenced to Prison Time
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Last Updated October 11, 2025