The investigation, according to preliminary reports, smells of possible bank fraud and tax evasion, with some financial mis-dealings thrown in.
Sorrentino’s net work was estimated at on time to be about $6 million with most of his income coming from his $150,000 per episode “Jersey Shore” salary.
He parlayed his role on the MTV reality series into an appearance on Season 11 of “Dancing with the Stars,” some product endorsements a DVD fitness series, a vitamin line and a clothing line. He received a reported six-figure advance for an autobiography that flopped commercially.
He was reported to be earning a $15,000 to $50,000 fee for appearances, claimed The Hollywood Reporter.
His enterprises are cloaked in several companies, MPS Entertainment, Situation Productions, GTL Management and clothing line Situation Nation. All are reportedly subject to the investigation, according to gossip site TMZ.
“The Jersey Shore,” which ran on MTV for six seasons from 2009 to 2012, reportedly made all of its cast-members millionaires. They were an odd collection of muscleheads and ratchet girls who partied hard at the beach.
Sorrentino was one of nine regular castmembers that included Nicole “Snooki” Polizzi and Jennifer “Jwoww” Farley.
The only evidence of the investigation so far have been a number of federal subpoenas to Sorrentino’s business partners, looking for a paper trail to pin down his cash flow and expenses.
New Jersey realty television stars Teresa Guiduce and husband Joe are facing a 41-count indictment for mortgage, loan application and bankruptcy fraud.