Tuesday, September 3, 2013
Harry Seggerman, a wealthy New York investment manager, passed away in May 2001, leaving $24 million to his six children. Now, four of them have pled guilty to tax fraud for hiding over $12 million of the inheritance in Swiss bank accounts.
Henry Seggerman, 60, is the most recent heir to plead guilty to conspiring with family members to hide money from the IRS. His siblings and fellow co-executors—Edmund, Yvonne, and Suzanne—pled guilty months ago. Henry will face up to 11 years in prison and has agreed to pay $600,000 as partial restitution.
See Patrick Temple-West, Heir to Fortune Hidden in Switzerland Pleads Guilty to U.S. Tax Fraud, South Florida Sun Sentinel, Aug. 28, 2013.