Dr. Krishna Tripuraneni, who’s serving a federal prison sentence for tax fraud, just sold his oceanfront mansion in Manalapan for $20.2 million, according to a deed.
The 16,000-square-foot home is at 840 S. Ocean Blvd. The mansion had been on the market for $27.5 million.
The buyer is an entity identified only as 840 South Ocean Boulevard Land Trust.
Tripuraneni, a gastroenterologist, failed to report $18 million in income from 2004 to 2008, federal prosecutors charged. In 2015, he was sentenced to two years and was ordered to pay the IRS $11.8 million in delinquent taxes, interest and penalties.
The feds said Tripuraneni used unreported income to build his extravagant Manalapan home and make mortgage payments on condominiums. He reportedly also used the money to pay tuition expenses for his children.