Experience. Dedication. Results.

Photo of Professionals at Law Office of Williams & Associates, P.C.

Coming Clean is Costly

by | Oct 16, 2020 | Tax Crimes |

Robert Smith, CEO of a San Francisco-based company, committed serious financial crimes including his involvement in an illegal scheme to hide income for 15 years and evade millions of dollars in taxes by using offshore trusts and bank accounts. He used his tax savings to buy and renovate a vacation home in Sonoma, California, and to purchase two ski properties and a commercial property in France.  He also built and improved a residence in Colorado, where he purportedly held charitable activities.

Mr. Smith won’t go to prison for his illegal activities because he is cooperating with the government.  He will pay approximately $139 million in taxes and penalties, and will forego $182 million in pending refunds related to his claimed charitable contribution deductions.

Don’t wait until the government is investigating you if you are not in compliance with the tax laws.  Our lawyers are here to help.

To review the full article about Mr. Smith, click here.


FindLaw Network