Father and son charged with conspiracy in hotel sale tax case
By APThursday, April 15, 2010
Developers charged in hotel sale tax case
WASHINGTON — The Justice Department says it has charged a developer and his son for allegedly failing to report income from the $33 million sale of one of their hotels in New York.
Mauricio Cohen Assor and Leon Cohen-Levy, both of Miami, were arrested in New York City on Thursday after federal authorities issued a criminal complaint accusing them of conspiring to defraud the United States.
Court records in the case say the father and son failed to report income from the sale of one of their New York residential hotels, which are known by the trade name Flatotel.
According to documents in the case, the Cohens used entities in tax haven jurisdictions including the Bahamas to defraud the government. The two men each face up to five years in prison if convicted.
