Swiftboat Vet's Financiers Investigated For Tax Fraud

[Nbadan]

Patriotic tax evaders?

The Wyly brothers (as in Wiley Coyote) are finally being investigated for their byzantine finances. The guys who funded the smear campaign on John McCain that led to Bush’s primary victory in 2000, and more recently, the Swiftboat Veterans for Truth, are in trouble for evading taxes.

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A report released this month by the Senate’s Permanent Subcommittee on Investigations alleged that the Wylys established the offshore trusts in the Irish Sea’s Isle of Man, a commonly used tax haven, to get around their U.S. tax obligations…

Senate investigators allege that the Wylys used the offshore trusts to buy $30 million worth of artwork, jewelry, furniture and other items for their personal use. Among the purchases: a $937,500 portrait of Ben Franklin; a $13,000 French bronze chandelier; $721,000 in official do ents from Abraham Lincoln’s presidency; and a $759,000 emerald necklace.

Sen. Carl Levin, the Michigan Democrat who launched the investigation, said the Wylys “participated in a 13-year scam and scheme to cir vent U.S. tax, securities and anti-money laundering requirements.”

Link


I bet wingnut radio won't be talking about this investigation anytime soon.





Karma! Gotta love it!

[RandomGuy]

What aren't the conservative media in this country telling us?

[PixelPusher]

Methinks the Internal Revenue Service is in for a slanderous ad campaign pretty soon...