Walter Anderson Crump

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Walter Anderson, a telephone entrepreneur, was arrested on February 26, 2005 at Dulles International Airport and charged with tax evasion. Mr. Anderson was accused by prosecutors of the largest personal income tax evasion case ever brought in the United States.

On September 8, 2006 Mr. Anderson, in a plea agreement, plead guilty to three felony counts (two counts of evading taxes and one count of fraud) and will be sentenced to a maximum of 10 years in prison at a later date. As part of the plea agreement, Mr. Anderson admitted to hiding $365 million of income by using aliases, shell companies, offshore tax havens, and secret accounts. Mr. Anderson also admitted to have earned more than $126 million in 1998, a year that he claimed an income of $67,939 on his federal tax return

In the plea agreement, Mr Anderson also agreed to pay court ordered restitution for his tax evasion. Part of the court ordered restitution was a special assessment of $200 million which will need to be paid within 10 days of his sentencing (scheduled for January 16, 2007).

[edit] External links

• Man of Many Names Now Called No. 1 Tax Cheat
• Telecom Mogul Guilty of Tax Scam
• Justice for Walt Anderson: Site which alleges that Walt Anderson's judicial rights are being violated