William H. Millard, Missing CEO, Found After 20 Years With $100M In Unpaid Tax Bills (VIDEO) (700 hits)
Last seen by tax authorities in 1990 on the the Pacific island Saipan, William H. Millard, 79 and founder of tech company ComputerLand, has now been traced to the Grand Cayman Island in the Caribbean, The Daily Mail reported. Michael Kim, a partner of Kobre & Kim, the law firm taking the lead in the case, told The Wall Street Journal that Millard's alleged tax evasion will be difficult to nail down.
"This is one of the most sophisticated and complicated cases of offshore asset structuring that we have ever seen. He's had more than 20 years to move money all over the world." The publication then elaborated on the difficulty behind actually finding Millard's money.
"Finding his money has proved more difficult. The investigation has been covert, the law firm never confronting Mr. Millard. Investigators worried that if he found out what they knew, he might quickly shift his funds around to get them out of reach. The subpoenas went out under a gag order to prevent financial institutions from disclosing the probe to Mr. Millard or his family." Although Millard has not commented on his alleged 100 million dollar tax judgment, The Daily Mail writes that his former lawyer, Terry Giles said it was "ludicrous and insulting" to imply Millard was hiding.
