Corporations and securities brief ~ Entrepreneur charged in $200 million tax evasion scheme

Corporations and securities brief ~ Entrepreneur charged in $200 million tax evasion scheme

[JURIST] Leading Tuesday's corporations and securities law news, telecommunications entrepreneur Walter Anderson, Washington business executive who earned nearly a half-billion dollars through off-shore ventures, was indicted in a $200 million income tax evasion scheme. The indictment charges Anderson with engaging in the elaborate tax evasion scheme, obstructing the IRS [official website], and defrauding the government by failing to pay taxes to the federal government and the District of Columbia. Anderson could face up to 80 years in prison. This is the largest personal tax evasion case ever brought by the Department of Justice [official website]. Read the Department of Justice press release. NBC News has more.

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