A person who used to be the main lawyer for Moody’s admitted to not filing his federal income taxes, according to federal prosecutors in New Jersey.
John Goggins, who stopped working as Moody’s top lawyer last year, made $54 million between 2018 and 2021 but didn’t file his federal taxes for those years, the New Jersey U.S. attorney’s office reported.
Goggins admitted his guilt before a federal judge in Newark, New Jersey, and is set to be sentenced on September 6.
“Mr. Goggins feels sorry and takes full blame for not filing some of his income tax returns,” said Christopher Ferguson, a lawyer for Goggins. “This is a personal issue and not related to his job at Moody’s.”
Goggins left Moody’s in September after more than 20 years, and Richard Steele took over as the new top lawyer. A Moody’s spokesperson didn’t respond immediately for comment.
Ferguson mentioned that Goggins has paid $3.2 million for overdue taxes, interest, and penalties linked to his wrongdoing “and is eager to move on from this situation.”
