Feb 5th, 2010
Indianapolis Adult Entertainment: The tax evasion hall of fame
Anderson’s case is the largest tax evasion case in the history of the United States. This former telecommunications executive was accused of hiding his earnings through the use of aliases, offshore bank accounts and shell companies. In 2006, Anderson entered a guilty plea in which he admitted to hiding approximately $365 million worth of income. He was sentenced to nine years in prison, and restitution of $200 million.A typographical error in the amount of the federal government’s judgment against Anderson has prevented him from having to pay the majority of the taxes owed. The IRS conceded taxes and penalties from three years included in Anderson’s case, however Anderson is still responsible for $23 million owed to the government of the District of Columbia.Al Capone
This infamous mobster’s name has been associated with a variety of illegal acts including bootlegging, prostitution, and murder. However, only one illegal act landed Al Capone in prison – income tax evasion. Under Capone’s watch as boss of the Chicago Outfit, the organization generated estimated revenues of $100 million per year.
See the full article from “KNDO/KNDU”