Estimated reading time: 0 minutes, 39 seconds

Judge Scolds Gov’t for Pursuing Millionaire Widow for Tax Evasion

News Roundup
Written by 

A federal court judge in Florida chided the government for pursuing the conviction of a 79-year-old widow who pleaded guilty to—and paid a $21.6 million penalty in connection with—one of the largest individual offshore tax evasion cases in U.S. history, according to Bloomberg.

The widow, who has a high school education and whose attorney claimed she lived frugally despite her wealth, first contacted a lawyer in 2009 about $43 million in offshore accounts she had inherited when her husband died nine years earlier.

The lawyer didn’t file the paperwork until after the Swiss bank USB had named the widow as one of its clients, thereby disqualifying her for an amnesty program and putting her in jeopardy of serving 37 months in prison.

Read the full article from Bloomberg here.

gavel

(Photo credit: SalFalko)

Enhanced by Zemanta
Read 6608 times
Rate this item
(0 votes)
More in this category: « Court Expands 'Fair Use' for Artists Using Copyrighted Works BoA to Pay Mortgage Investors Record $500M Settlement »

Latest from PLP News

Visit other PMG Sites:
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline