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The benefits of travel
November 24, 2008
Russ Fox's regular roundup of tax miscreants has an unusual story this week: a hotel executive who fled the country to avoid tax evasion charges pleaded guilty by satelitte link from London to one count of tax evasion. The unusual part? Stanley S. Tollman will pay $60 million in back taxes and penalties, but will serve no prison time. But he does have a stiff probation sentence:
One day.
For that kind of money, a one-count plea would normally merit the maximum five-year prison term. Presumably he got a better deal because the IRS couldn't easily get its hands on him. Who says the benefits of travel are overrated?
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