Financial Times FT.com

Guilty plea in $200m tax fraud case

By Jeremy Grant in Washington

Published: September 8 2006 19:48 | Last updated: September 8 2006 19:48

Walter Anderson, a US telecommunications businessman, on Friday pleaded guilty to evading over $100m in taxes in biggest criminal tax fraud in US history.

Mr Anderson was indicted last year on charges that he evaded over $200m in federal income taxes over five years, partly by hiding $450m in earnings at Barclays Bank in the Channel Islands and other offshore accounts.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this