Ex-CEO Owes Millions In Back Taxes?
September 13, 2011 by USA Post
Ex-CEO Owes Millions In Back Taxes?, Last seen by tax authorities in 1990 in the Pacific Islands Saipan, William H. Millard, 79 and founder of ComputerLand Technology Company, has been traced to the island of Grand Cayman in the Caribbean, The Daily Mail reported.
Michael Kim, a partner at Kobre & Kim, the law firm at the forefront of the case, told The Wall Street Journal that the alleged tax evasion by Millard would be difficult to realize.
“This is one of the most sophisticated and complicated structuring of offshore asset we have seen. Had more than 20 years to move money around the world.”
The publication went on to explain the difficulty of finding money actually behind Millard.
“Finding the money has been more difficult. Research has been covered; the law firm never faces Mr. Millard.
Researchers fear that if they learned what they knew, that could quickly change their funds around out of their reach. The subpoenas came under a gag order to prevent financial institutions from disclosing the probe to Mr. Millard and his family. ”
Although Millard has not commented on his alleged $ 100 million in tax trial, The Daily Mail writes that his former lawyer, Terry Giles said it was “ludicrous and insulting” involving Millard was hidden.
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