If It Sounds Too Good to be True (1)

Posted on April 3, 2005 by Russ

The Franchise Tax Board arrested Jon Gunderson, the owner-operator of Outdoor Media Group, Inc., a California billboard company. Mr. Gunderson allegedly invented phony transactions to alleviate $53 million in tax he would have owed the state. Mr. Gunderson is being held on $5 million bail in Riverside.

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