The headline says it all.
>From the Chicago Tribune, this story (one-time registration required) details the sordid details, which include:
– The strip clubs owner, Michael G. Wellek, had $12 million in cash (in bags) seized in 2003 from his clubs;
– The government says Wellek owes $11 million in taxes, penalties and interest (to be resolved in Tax Court later this year); and,
– Wellek’s attorney has the line of the day, “its unfortunate if these gentlemen are in the circumstances of not having reported it on their income-tax return.” Well, that’s what tax fraud is: not reporting income you earned on your return.
Tags: StripClubs