Suspended attorney sentenced to 2 years in federal prison for tax evasion

Raymond Gupta, a former Schererville personal injury and medical malpractice attorney who pleaded guilty to tax evasion, has been sentenced to two years in federal prison.

In a sentencing order issued Friday, Judge Philip Simon of the U.S. District Court for the Northern District of Indiana, sentenced Gupta to 24 months for his conviction of evading payment of federal income taxes and 12 months for each for six counts of failure to file a federal tax return. All those sentences are to be served concurrent to the two-year tax evasion sentence.

Gupta will serve his sentence at the minimum-security federal prison camp in Yankton, South Dakota. He has been ordered to surrender himself by April 30, 2021 before 2 p.m. Also, Gupta was fined $15,000 and ordered to pay restitution of $1.73 million, including $300,000 immediately.

Indicted in October 2019, Gupta was alleged to have ignored more than 40 mailings from the Internal Revenue Service. Also, he was accused of using his law firm’s bank accounts to fund a lavish lifestyle that included rent for a downtown Chicago apartment, furnishings for two homes and vehicles.

The Indiana Supreme Court suspended Gupta’s law license for three years without automatic reinstatement in March 2020. Chief Justice Loretta Rush and Justice Steven David advocated for Gupta to be disbarred.

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