RECORD CHARGE.
5,500,000-Dollar Tax Evasion
Alleged.
AMERICAN PUBLISHER.
(Received 12.30 p.m.)
CHICAGO, August 11
The Federal Grand Jury indicted Mr. M. L. Annenberg, publisher of the "Philadelphia Inquirer," wireless and movie magazines, and owner of a racing news service, on charges of evading over 5,500,000 dollars Income taxes and penalties. It is reported to be the largest income tax case in the Government's history.
Officials said it was only one of a series of indictments expected to result from enterprises of this ex-newsboy, who has amassed a fortune by publishing racehorse information. The indictment will cover the period from 1D32 to 1936, inclusive, and is a climax to two years' investigation by Government agents and nine weeks of Grand Jury hearings, in which 50 auditors were necessary to break down the complicated bookkeeping of Annenberg's many companies.
The indictment also named three officials of Annenberg's top t holding and operating company, including his son, Walter Annenberg.
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Bibliographic details
Auckland Star, Volume LXX, Issue 189, 12 August 1939, Page 9
Word Count
156RECORD CHARGE. Auckland Star, Volume LXX, Issue 189, 12 August 1939, Page 9
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