An Indian-origin Illinois doctor, Krishnaswami Sriram of Lake Forest, Illinois, was sentenced August 20, 2025, to 34 months in prison for committing health care fraud and for hiding assets and lying to the IRS about his ability to pay approximately $1.6 million in taxes, penalties, and interest.
In addition to his prison sentence, the court ordered Sriram to serve three years of supervised release and to pay approximately $1.7 million in restitution to the United States, the press release from the Justice Department said.
The press release from the Justice Department gave the following information quoting from court documents and statements made in court:
From approximately 2011 to 2017, Sriram evaded payment of approximately $1.6 million he owed to the IRS.
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Among other evasive steps, Sriram transferred ownership, in name only, of two rental properties to his children without their knowledge while he continued to receive income from the properties. He also transferred approximately $700,000 from bank accounts he controlled in the United States to accounts in India.
To reduce the money he owed, Sriram submitted documents to the IRS as part of an offer-in-compromise that omitted an investment account in the United States, bank and investment accounts in India, and ownership of the rental properties.
“In total, Sriram caused a tax loss to the IRS of approximately $1.6 million,” the press release said.
Between 2012 and 2022, Sriram also caused false Medicare billings to be submitted for episodes of in-home physician care that did not occur. Specifically, Sriram claimed to provide care for Medicare beneficiaries on dates when those individuals were either deceased or resided at inpatient facilities other than their homes. Sriram’s false statements in medical records relating to these episodes of care resulted in $136,980.36 in false billings to Medicare.
IRS Criminal Investigation investigated the case.