Tax fraud alleged in estate of heiress Huguette Clark; accountant resigns
Associated Press
This is the last known photo of Huguette Clark, taken 80 years ago. She hid away in a New York hospital room for at least the past 22 years, until her death in May. This photo was made on Aug. 11, 1930, the day of her divorce, in Reno, Nev. Her marriage lasted two years. She had no children.
By Bill Dedman
Investigative Reporter, msnbc.com
New York — A New York state official has accused the attorney and accountant for mysterious heiress Huguette Clark of a tax fraud that could cost her estate $50 million in IRS penalties. While the men denied any wrongdoing, the accountant resigned this week from handling her $400 million estate just before the allegations were leveled in court documents.
The allegation was made by the office of the public administrator of New York County, who was appointed by the court as a third executor, in effect to watch the actions of Clark's attorney and accountant. The public administrator, Ethel J. Griffin, asked the court on Tuesday to remove attorney Wallace "Wally" Bock and accountant Irving Kamsler as executors, a position that would normally pay each of them about 2 percent of her estate, or roughly $8 million each.
Please read complete article at link below:
http://openchannel.msnbc.msn.com/_news/2011/12/21/9615401-tax-fraud-alleged-in-estate-of-heiress-huguette-clark-accountant-resigns
KawamotoDragon.com
Friday, December 23, 2011
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