AURORA | An Aurora loan broker who investigators say under reported more than $5 million in income from 2002 to 2005 was sentenced Friday to 18 months in federal prison.
Leonid Shifrin, 42, of Aurora, will begin serving his prison sentence in late November after a judge determines how much he owes the IRS in restitution, federal prosecutors said.
Shifrin’s under reporting may have meant he paid almost $1 million less in taxes than he should have, prosecutors said.
According to the statement Shifrin worked as a mortgage loan broker from 2002 to 2005, originating and closing loans for residential real properties and during that time under-reported his business receipts by $5,736,520.
Prosecutors said Shifrin worked in the mortgage brokerage business in partnership with others under the name Consumer Mortgage Group, with offices initially in Aurora and later Centennial. He also had a company in Nevada under the name Mark Shifrin, Inc.
Shifrin also worked under the name Consumer Financial Services Corp. and Mile High Mortgage Process, LLC, prosecutors said.