Re: They caught him...

[AuntieFran@comcast.net]

Sad story, isn't it?


> FYI
> 
> Alfred
> 
> -- --------
> 
> Wednesday, June 16, 2004 · Last updated 3:01 p.m. PT
> 
> Wanted millionaire arrested in Germany
> 
> By JEFFREY GOLD
> ASSOCIATED PRESS WRITER
> 
> NEWARK, N.J. -- A fugitive millionaire wanted on tax fraud charges in New
> Jersey was arrested at an airport in Germany, federal prosecutors said
> Wednesday.
> 
> Herbert Axelrod, 76, fled the United States soon after being indicted in
> April on charges that he conspired to defraud the Internal Revenue Service
> by helping a former executive of his pet-book publishing company hide
> $700,000 in a Swiss bank account.
> 
> He also has drawn attention for rare musical instruments he valued at $100
> million and donated or sold at a discount.
> 
> Michael Himmel, a lawyer who has represented Axelrod, said Wednesday that he
> had not yet spoken to Axelrod and declined to comment. The U.S. Attorney's
> Office in New Jersey said it notified German authorities that it would seek
> to have Axelrod sent back to the United States.
> 
> Axelrod operated TFH Publications, which specializes in books on animals and
> pets, and whose products include the Nylabone line of dog toys.
> 
> The tax-fraud charges are unrelated to an FBI review of an $18 million deal
> last year in which Axelrod sold the New Jersey Symphony Orchestra 30 rare
> string instruments the philanthropist had valued at $50 million.
> 
> Authorities reportedly are trying to determine whether Axelrod inflated the
> instruments' value to make himself eligible for a large tax write-off, and
> are said to be looking into his 1998 donation of four Stradivarius musical
> instruments - also valued at $50 million by Axelrod - to the Smithsonian
> Institution.
> 
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