“One of the Largest Tax Fraud Schemes Ever Uncovered in this Country”
June 5th, 2009
The US government has brought charges against 3 individuals involved in a $1.3 billion tax fraud scheme. From the Los Angeles Times:Continue Reading
Two principals of defunct Seattle investment management firm Quellos Group and a Los Angeles lawyer were indicted in a tax shelter scheme that allegedly created more than $1.3 billion in fraudulent losses for prominent clients, including media mogul and billionaire investor Haim Saban.
The operation was "one of the largest tax fraud schemes ever uncovered in this country," U.S. Atty. Jeffrey C. Sullivan in Seattle said Thursday.The article continues:
The indictment names...