Lacy Doyle, an art consultant, has been arrested for failing to pay taxes on her $4 million inheritance from her father. She hid millions of dollars in a Swiss bank account, filed false tax returns, and created at last six undeclared foreign bank accounts. She opened an account for a sham foundation, which ended up containing almost all of the $4 million. She was charged with one count of obstructing tax law and one count of filing a false tax return. If convicted, Doyle will face up to six years in prison.
See Sarah Cascone, Art Consultant Accused of Hiding $4 Million Inheritance in Secret Swiss Accounts, Artnet News, July 29, 2016.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
