Seggerman Siblings Guilty of Tax Fraud

Harry Seggerman, a wealthy New York investmentmanager, passed away in May 2001, leaving $24 million to his six children.  Now, four of them have pled guilty to taxfraud for hiding over $12 million of the inheritance in Swiss bank accounts.

Henry Seggerman, 60, is the most recent heir toplead guilty to conspiring with family members to hide money from the IRS.  His siblings and fellow co-executors—Edmund, Yvonne, and Suzanne—pledguilty months ago.  Henry will face up to11 years in prison and has agreed to pay $600,000 as partial restitution.

SeePatrick Temple-West, Heir to FortuneHidden in Switzerland Pleads Guilty to U.S. Tax Fraud, South Florida SunSentinel, Aug. 28, 2013.