Tax Fraud: 7 Billionaires Convicted For Tax Evasion

By siliconindia | Tuesday, 19 November 2013, 13:24 Hrs

6. Leona Helmsley
Source Of Wealth: Real Estate

Leona Mindy Roberts Helmsley was an American businesswoman, known for her flamboyant personality and had a reputation for tyrannical behavior. She was called as the Queen of Mean. She was promoted by the Beber Silverstein Group and its co-founder Joyce Beber who persuaded her to call herself Queen of the Palace Hotel. In the year 1989, Helmsley was slapped with $8 million fine because of her tax evasion.

7. Marc Rich and Pincus Green
Source of wealth: commodities trading

In the year 1983, Rich and Green were charged with many criminal cases that include income tax evasion, wire fraud, racketeering, and trading with Iran during the oil embargo. These two personalities were charged with lifetime imprisonment as filed by the then-U.S. Federal Prosecutor, Rudolph Giuliani. During that time, it was the biggest tax evasion case in the U.S. history.