Sunday, February 1, 2009
Volume:
25
Issue:
2
Abstract:
On November 24, 2008, Stanley S. Tollman, pleaded guilty to tax fraud charges relating to his participation in a multimillion-dollar tax evasion scheme utilizing foreign bank accounts. Most importantly, the plea enables him to avoid jail. Instead, he will pay more than $60 million in back taxes, interest and fraud penalties and will pay $44.7 million to settle a civil forfeiture suit related to allegations in a 2002 indictment charging him and six others with various fraud offenses...[more]