Eight indicted in $68M nationwide tax-fraud conspiracy

[Judi Lynn]

Eight indicted in $68M nationwide tax-fraud conspiracy


By MIKE ROBINSON
The Associated Press
4/8/04 6:13 PM


CHICAGO (AP) -- Eight people were indicted Thursday on federal charges of running a tax-evasion scheme that used domestic and offshore trusts to help hundreds of wealthy Americans avoid paying $68 million in taxes.

Federal agents in Illinois, Indiana, New York and Alabama began rounding up seven defendants in the case. They said the eighth, who lives in South Carolina, was to surrender later.

"The government will not tolerate schemes by wealthy people to funnel millions of dollars offshore to illegally escape taxes," IRS Commissioner Mark W. Everson told a news conference.

As often happens with tax-fraud cases, the charges were announced one week before the April 15 deadline for filing federal income taxes.
(snip/...)

http://www.mlive.com/newsflash/business/index.ssf?/newsflash/get_story.ssf?/cgi-free/getstory_ssf.cgi?f0367_BC_TaxFraud-Indictments&&news&newsflash-financial