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2 men get 4 years in prison in $240M tax scheme
SEATTLE (AP) - Two Seattle-area men have been sentenced to more than 4 years in prison after pleading guilty to helping a Hollywood mogul and other wealthy clients avoid paying $240 million in taxes.
Prosecutors had requested 6 years in prison for Quellos CEO Jeffrey Greenstein of Mercer Island and his tax attorney, Charles H. Wilk, whose lawyers sought two years in prison. The men were sentenced Friday.
Both pleaded guilty in September to charges of conspiracy to defraud the government and aiding in the filing of a false tax return. They agreed to pay the IRS $7 million in penalties and to speak to their graduate schools about business ethics.
The government says Quellos‘ clients didn’t know about the scheme and have paid back taxes. Those clients included Haim Saban, who licensed the Power Rangers from Japan in the 1990s.
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