Re: They caught him...

["Tony" <Loxxxo@comcast.net>]

Wow he really did decide to "go for it."
----- Original Message ----- 
From: <carrera206@comcast.net>
To: <gsas-member@thekrib.com>
Sent: Wednesday, June 16, 2004 4:57 PM
Subject: They caught him...


> 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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