Forbes

TYCOON TAX CHEAT HALL OF FAME

A LONG LINE OF BIG-TIME TAX EVADERS PRECEDES ROBERT F. SMITH’S ADMISSION LAST YEAR OF STOWING $200 MILLION IN FOREIGN ACCOUNTS. DEPENDING ON THE OUTCOME OF BOB BROCKMAN’S TRIAL, HE COULD SOON TRUMP THEM ALL.

-

Walter Anderson

Telecom and spacefligh­t “astroprene­ur” pleaded guilty in 2006 of failing to report $365 million in income he diverted offshore. Recieved a nine-year prison sentence and was ordered to pay $23 million in restitutio­n; he was released in 2012.

Leona Helmsley

Famously quipped, “We don’t pay taxes; only the little people pay taxes.” Sentenced to 16 years for writing off millions in home remodeling as a business expense. Died in 2007; left $12 million to her dog.

Igor Olenicoff

Russia-born developer behind California’s Olen Properties pleaded guilty in 2007 to hiding $200 million offshore. Escaped with just two years’ probation and a $52 million bill for taxes. Now 78 years old, he’s worth $4.3 billion.

Ty Warner

Beanie Babies mogul pleaded guilty to depositing a secret $80 million in a Swiss bank in 1996 and failing to report $24 million in income. Paid feds $70 million but avoided jail. Now 76, he’s worth $4 billion.

Sam and Charles Wyly

Brothers behind arts-and-crafts chain Michaels hid profits in offshore trusts. Nabbed by feds in 2010. Sam (left) settled for $500 million. Charles died in 2011; Sam, 86, lives in a Dallas old-folks’ home.

 ??  ??
 ??  ??
 ??  ??
 ??  ??
 ??  ??

Newspapers in English

Newspapers from United States