Samuel Currin, the former chairman of the North Carolina Republican party, has agreed to plead guilty to conspiracy charges related to tax fraud, according to a published report.
Mr. Currin will, according to the report, admit to taking $1.45 million and laundering it through client trust accounts and an offshore debit account. In violation of federal law, Mr. Currin didn’t report the offshore account. Another published report states that Mr. Currin used an offshore trust scheme to avoid taxes on $10 million used for Internet gambling rights.
Mr. Currin faces up to 43 years in prison.