Reclusive mogul on trial accused of being largest tax dodger in history

[emad]

Independent
By Rupert Cornwell in Washington
02 March 2005


Walter Anderson has done many things in his rich, varied and indubitably eccentric life. He made a fortune in the telecommunications industry, dabbled in art collecting, and in 2000 invested $20m (£10.4m) in a project to sell trips in space on the ageing Russian Mir space station.

Now the reclusive multimillionaire could soon acquire a new and more dubious distinction, as the largest individual tax dodger in American history, accused of evading federal and local income taxes of $210m over just five years between 1995 and 1999.

Mr Anderson, 51, was arrested on Saturday as he arrived at Dulles airport in Washington on a plane from London. If convicted he faces up to 24 years in prison.

According to Mark Everson, a commissioner of the Internal Revenue Service,which has been tracking its quarry for many years, Mr Anderson "ended up in a class by himself" among tax evaders, and "ran the table on tax violations". Prosecutors say that in 1999 alone he made $126m but paid only $494 in taxes on declared income of $67,939.

http://news.independent.co.uk/world/americas/story.jsp?story=615962

MARC RICH ($400million+ tax fraudster) knocked off his perch at last???

[Skink]

1. I paid that on 16000...

Must be doing something wrong.:argh:

[amber dog democrat]

2. " Don't ask me what I want if for "

" Tax man, Mr Wilson "
If you don't want to pay some more
"Tax man , Mr. Heath "

Obviously if you were careless enough to be born into the wrong family and class
then this is to be expected.
I wonder if the only crime is not being criminal and clever enough to avoid getting caught.

I hope they nail this guy - but as for you.... back to the oars. Keep rowing.
Stop sniveling.

[goodboy]

3. taking bets: Repuke or Dem?

[librechik]

4. I got a sawbuck that says he's not Republican

otherwise we wouldn't be hearing about this and they wouldn't be cracking down on him.