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4 siblings get prison time in tax cheat conspiracy

4 siblings get prison time in tax cheat conspiracy

NEW YORK (AP) — Four siblings were each sentenced to several months in prison after cooperating with prosecutors in a tax fraud case.

U.S. District Judge P. Kevin Castel (KAS'-tehl) in Manhattan sentenced Suzanne, Yvonne, John and Henry Seggerman Wednesday, saying their cooperation spared them from what otherwise would have been nearly four-year prison terms.

The siblings long ago admitted hiding over $12 million from the Internal Revenue Service.

Three of the four testified at the trial of a lawyer whom they blamed for teaching them how to evade taxes on inheritance left to them by their father.

Their father, a vice chairman of Fidelity Investments before his 1992 retirement, was a pioneering investor in Asian companies.

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This item has been corrected to change the name of one sibling from Harry to Henry.


Updated : 2021-06-13 01:48 GMT+08:00