Hundreds of Super Rich Under Investigation
July 17, 2008
Hundreds of rich Americans whose names and secret foreign bank account information were turned over to US tax authorities could face criminal prosecution. A Senate committee is scheduled to convene tomorrow and among those called to testify are foreign bank account holders, including one of the wealthiest men in Los Angeles.
48 year-old Peter Lowy and his family own the giant Westfield shopping center fortune and will control the retail space in the rebuilt World Trade Center in New York. Bob Bennett, a lawyer for Lowy, who is a prominent contributor to both Democratic and Republican candidates, told ABC News that Lowy’s name was on the list of secret accounts from a Liechtenstein bank but that Lowy did nothing wrong.
Bennett said Lowy is out of the country tomorrow and will not be available to testify.
ABC News | BRIAN ROSS, RHONDA SCHWARTZ, and AVNI PATEL | Wednesday, July 16, 2008
Last 5 posts in Plutocracy
- The $1bn 'minigarchs': The children of Russia's oligarchs - September 3rd, 2008
- Russian oligarch 'invader' pays record $750 million for Riviera villa - August 11th, 2008
- History: How the US Government Was Overthrown In Three Easy Steps - July 29th, 2008
- Millionaires club gets bigger, members richer - June 24th, 2008
- Carlin, counterculture comedians' dean, dies at 71 - June 23rd, 2008
Comments
Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!