The Tel Aviv District Court on Monday sentenced 2008 Paul McCartney concert producer David Zarzevsky to one year in prison and a 15-month suspended sentence for failure to report over NIS 17 million (some $4.4 million) from the former Beatle’s performance in Tel Aviv. Zarzevsky also failed to pay NIS 2.6 million in taxes connected to the production.

According to news site Calcalist, the producer expressed regret for the incident and described it as a one-time mistake. Zarzevsky was reported on Israeli TV entertainment program “Good Evening” to have unsuccessfully sought an arrangement with the state prior to his conviction.

The producer said that he was now in financial ruin and that the business he’d built had simply “exploded.”

Zarzevsky was also fined NIS 100,000 and his company was fined a symbolic fine of NIS 1,000 by the judge, who acknowledged that the non-payment of taxes by the producer was a one-time occurrence.