How Tax Cheats Are Using Your Money to Fund Republicans

Wyly did his cheating through an offshore scheme that hid $1 billion in profits via Isle of Man "shell companies" that existed only on paper, were registered under front men to hide the Wylys' names, and were used to carry out transactions and launder money. And that's only the hidden income that was found. The Dallas mogul, with a $1 billion admitted net worth, may be guilty of the biggest personal tax fraud in U.S. history. Full Story »

Posted by Dwight Rousu

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Dwight Rousu
5.0
by Dwight Rousu - Oct. 1, 2008

The story outlines elaborate offshore tax ruses used by rich clients, including the swift boat Sam Wiley. The path is outlined in easy to understand form. The Bush inclination not to prosecuet is questioned.

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