RS goes after fraud suspect The government is asking a federal judge for permission to go after at least $226.6 million in back taxes, penalties and interest it says are owed by R. Allen Stanford, the Texas billionaire who has been accused of conducting an $8 billion investment fraud through an offshore bank.
The IRS on Friday filed a request in U.S. District Court in Dallas to also order Stanford to file his tax return for 2007 by April 15. Stanford and his wife, Susan, may owe taxes in addition to the $226.6 million for 1999-2003, the IRS said in a court filing. Stanford was charged with fraud last month by the Securities and Exchange Commission in a civil proceeding. He has been ordered to surrender his passport but hasn't been charged with a crime. The IRS filed four tax liens against Stanford in 2007 and 2008. Stanford's personal fortune has been estimated at $2.2 billion by Forbes magazine. His assets were frozen and put into receivership after the SEC lodged its civil complaint against him Feb. 17. --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
