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Financier's son pleads guilty in NY tax case

Investors in Asian companies to open up the son pleaded guilty Wednesday to join earlier admitted three siblings from their father's legacy a secret Swiss bank accounts to hide millions of dollars in tax fraud allegations.
Henry Seggerman enters plea in U.S. District Court in Manhattan before Judge conspiracy and other charges. Prosecutors said the charges from a scheme in which the Seggermans possession of more more than 12 million U.S. dollars from their father, who died in May 2001, in Fairfield, Connecticut, USA, 73-year-old Harry Seggerman leave .
Old Seggerman, before he retired in 1992, Fidelity Investments (Fidelity Investments), vice president of the company to invest in Asia after World War II one of the first mutual fund managers.
Henry Seggerman, in his plea hearing, the IRS tax evasion from 2001 to 2010 confessed.
"I deeply regret my participation in these activities, and intends to make up for my behavior, said:" Seggerman, who lived in Manhattan and Los Angeles.
Seggerman pleaded guilty to conspiracy, subscribe to a false tax return and real estate assistance and assistance in the preparation of false tax returns, his brother.
His brothers and sisters Susan Seggerman Manhattan Yvonne Seggerman, Cumberland, RI, Edmund Seggerman, Washington, DC, have each previously pleaded guilty to conspiracy.
U.S. federal prosecutors Puri teba Lara said in a statement, the Seggerman brothers and sisters, "continued the family inheritance and tax fraud scheme."
Prosecutors said Harry Seggerman leave a legacy worth more than 24 million U.S. dollars, held secret and undeclared foreign bank accounts for more than half the money. They say that more than 12 million U.S. dollars in overseas accounts, leaving his surviving spouse and his five children.
According to the charges, Henry Seggerman failure to sign tax returns reporting more than 5 million U.S. dollars businessman's wife and left more than $ 7.5 million U.S. dollars, leaving his five children father's legacy.
No sentencing date, in part because Seggerman signed a cooperation agreement, which may win him clemency. He and his brothers and sisters, all in their 50s or early 60s, each face 11 years in prison.
 



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