State news

Officials: Man defrauded state out of millions in taxes

FAIRFIELD, Conn. (AP) Federal officials say a Connecticut man has pleaded guilty to his role in defrauding the state out of millions in taxes.

The Department of Justice says 46-year-old Rishi Malik, of Fairfield, pleaded guilty to charges of wire fraud and conspiracy to commit wire fraud and to violate the Contraband Cigarette Trafficking Act. The Connecticut Post reports Malik faces a maximum of 25 years in prison.

Court documents indicate Malik operated and assisted a tobacco wholesale business for several years, and failed to report over $5 million in taxes owed to the state.

Malik is scheduled to be sentenced on Jan. 23, 2019. His business partner has pleaded guilty to the same charges and is awaiting sentencing.

Both have agreed to pay full restitution.

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