Elevate your local knowledge

Sign up for the iNFOnews newsletter today!

Select Region

Selecting your primary region ensures you get the stories that matter to you first.

4 siblings get prison time in tax cheat conspiracy

NEW YORK – Four siblings were each sentenced to several months in prison after co-operating with prosecutors in a tax fraud case.

U.S. District Judge P. Kevin Castel (KAS’-tehl) in Manhattan sentenced Suzanne, Yvonne, John and Henry Seggerman Wednesday, saying their co-operation spared them from what otherwise would have been nearly four-year prison terms.

The siblings long ago admitted hiding over $12 million from the Internal Revenue Service.

Three of the four testified at the trial of a lawyer whom they blamed for teaching them how to evade taxes on inheritance left to them by their father.

Their father, a vice chairman of Fidelity Investments before his 1992 retirement, was a pioneering investor in Asian companies.

___

This item has been corrected to change the name of one sibling from Harry to Henry.

News from © iNFOnews.ca, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?