Seattle grand jury indicts 3 in tax shelter scheme

Courtesy Newsvine - business  Thu, 06/04/2009 - 20:55

A federal grand jury has indicted three people in what prosecutors described as one of the largest tax-fraud schemes in U.S. history, a complicated shelter that helped philanthropist Robert Wood Johnson IV, Hollywood media mogul Haim Saban and a few other wealthy clients avoid paying taxes on $1.3 billion in capital gains.

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