Monday, September 9, 2013
Henry Seggerman and family members are accused of hiding millions of dollars from his father's estate from the IRS. In the past, three of Seggerman's brothers and sisters have pleaded guilty to conspiracy and other tax related crimes. Seggerman's father left a $24 million dollar estate. More than half of the estate is in an undeclared Swiss accounts. Henry Seggerman is the chief investment officer of his father's hedge fund.
Recently, Seggerman pleaded guilty to conspiracy and two counts of falsifying tax returns. Seggerman may serve up to an 11 year sentence in prison. “I deeply regret my participation in these activities and intend to make amends for my conduct,” he stated at the hearing. Seggerman will likely testify for the government at Michael Little's trial an attorney and family advisor also charged with defrauding the IRS.
See Christie Smythe, Seggerman Pleads Guilty to Conspiracy in Tax Evasion Case, Bloomberg, Aug. 28, 2013.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.