Dec. 14, 2007 (Associated Press) -- SANTA ANA, Calif. - A billionaire accused of stashing a fortune in foreign bank accounts pleaded guilty to filing a false tax return and has paid more than $52 million in back taxes, penalties and interest, the Internal Revenue Service said.
Igor Olenicoff entered the plea Wednesday in federal court, according to the IRS.
He could face up to three years in prison but is likely to serve less than six months when he is sentenced in April, said his attorney, Edward M. Robbins Jr. Dec. 14, 2007 (Associated Press) -- SANTA ANA, Calif. - A billionaire accused of stashing a fortune in foreign bank accounts pleaded guilty to filing a false tax return and has paid more than $52 million in back taxes, penalties and interest, the Internal Revenue Service said.
Igor Olenicoff entered the plea Wednesday in federal court, according to the IRS.
He could face up to three years in prison but is likely to serve less than six months when he is sentenced in April, said his attorney, Edward M. Robbins Jr. Continue->
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