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Rating:A UK Lawyer Faces Tax Charges Over an Ex-Fido Vice Chair's Estate Not Rated 5.0 Email Routing List Email & Route  Print Print
Tuesday, May 15, 2012

A UK Lawyer Faces Tax Charges Over an Ex-Fido Vice Chair's Estate

News summary by MFWire's editors

An attorney for the family of a deceased top Fidelity [profile] executive stands accused of conspiracy to commit tax fraud. Larry Neumeister of the Associated Press reports that Michael Little was arrested Friday at New York City's John F. Kennedy International Airport on charges that for a decade he advised the family of retired Fido vice chairman Harry Seggerman on how to hide $10 million overseas.

SkyNewsHD reports that a judge ordered Little freed on $2 million bail.

Defense attorney Elkan Abramowitz reportedly told Reuters: "We are studying the charges contained in the complaint. We are confident that in the end we will be able to demonstrate that there is no merit to any of them."

Seggerman retired in 1992, and he died in May 2001, reportedly leaving more than $20 million in overseas accounts. His daughter, Suzanne Seggerman, pled guilty in December 2010 "to conspiring to defraud U.S. taxing authorities and subscribing to false individual tax returns," Reuters reports. 

Edited by: Neil Anderson, Managing Editor

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