Rocket-man Aborted By IRS
Walter Anderson is not a familiar name, but we learn that he is a very wealthy tech entrepreneur, who according to the IRS, failed to pay over $210M in federal and local income taxes and hid at least $450M offshore. In one particularly ballsy year, 1998, the Washington DC-based Anderson, reported a total income of $67,939 and paid a tax of just $494. The IRS said that he actually made at least $126M that year that he never reported. Anderson is currently CEO of Orbital Recovery, a company trying to extend the life of telecommunications satellites. He was arrested yesterday after a disgruntled employee ratted him out.
Read – I.R.S. Accuses Man of Hiding $450 Million (NY Times)