New York District Attorney Praises Conviction of Ciprianis for International Tax Crimes

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Monday, October 1, 2007
Author: 
Bruce Zagaris
Volume: 
23
Issue: 
10
381
Abstract: 
On July 31, 2007, Robert M. Morgenthau, the district attorney of Manhattan, praised the convictions of two members of the Cipriani family for evading $10 million in New York taxes using offshore tax schemes. Arrigo Cipriani, 75, pleaded guilty to felony tax charges and his son, Giuseppe Cipriani, 42, pleaded guilty to misdemeanor tax charges. Three corporate entities within Cipriani U.S.A. waived indictment and pleaded guilty to tax felonies as well. Cipriani U.S.A. has agreed to pay penalties and restitution and to install an independent monitor through 2011 to ensure compliance. In addition, the companies will have a federal tax liability of an as yet undecided amount...[more]