Reported by Lukas I. Alpert

A European tax advisor to a global set of star DJs and supermodels has been arrested on charges that he created a network of illegal tax shelters to help his clients avoid paying U.S taxes on over $100 million of earnings.  

Frank Butselaar, 63, of the Netherlands, is accused of setting up a complex array of illegal off-shore tax vehicles and trust structures to hide millions of dollars in income his clients earned while working around the world.

Federal prosecutors in the U.S. say the scheme helped obscure over $100 million in revenue that would have been subject to U.S. tax in years where Butselaar’s clients did extensive work in the United States.

Read full report: https://www.marketwatch.com/amp/story/tax-advisor-to-star-djs-and-models-arrested-for-alleged-100-million-tax-evasion-scam-7d043e84