Skyscraper developers in Miami arrested 0
A couple of Skyscraper developers in Miami, Leon Cohen Levy as well as his father Mauricio Cohen Assor were arrested in New York on charges that include fraud as well as tax evasion. The charges against them are that they gas hidden a sum of around $45 million illegally in offshore accounts and they were misusing corporate funds to lead a lavish lifestyle on their ill-gotten gains. The Cohens were Skyscraper developers in Miami who wanted to build the Empire World Towers to be located at 330 Biscayne Blvd.
It is said that the Cohens had sold one of their New York Hotels on 2000 and generated around $33 millions. This was never reported in any of their tax returns, neither by them personally nor by any of the entities associated with them, making it a clear case of tax evasion and fraud. They are also said to have made use of tax havens in the Bahamas, Panama and Switzerland, just to name a few so as to defraud the US IRS. There are many charges of failure to file US tax returns, filing of false tax returns, and fraudulent preparation of false IRS forms which have cropped up against the duo.
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