18 years jail for tax shelter guru

More evidence that the US Government is cracking down on tax evasion. In April, actor Wesley Snipes was sentenced to three years jail for tax evasion. As expected, he is appealing that sentence.

Then last month, his tax guru Eddie Ray Kahn was pinged for promoting tax fraud schemes.

Now Michael Vallone, a peddler of dubious tax shelters has just been sentenced to 223 months in the slammer.

Still, with some of frauds in the mortgage industry created by people who made their fortunes, and got away with it being left unpunished, you would have to say these tax fraudsters are just easy targets.


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