'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
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.
Two Seattle-area men were sentenced Friday to four years in prison for concocting a bogus tax shelter to help a Hollywood mogul, the owner of the New York Jets and other wealthy clients avoid paying $240 million in payments.
"I failed to live up to the standards I set for myself," Greenstein said. "There's no way to minimize what I did, justify it or rationalize it."
Parts of that speech troubled the judge, who noted that instead of using words like "scam," "crime," or "fraud," Greenstein told a class: "I knew that there was no real stock, but instead, a synthetic equity forward position created with over-the-counter legal contracts between two offshore special-purpose vehicles."