The FT reports (4 January 2016) that members of the Wildenstein art-dealer dynasty faced charges on Monday of hiding their fortune from authorities for years, in what has been called one of France’s biggest tax fraud trials. Guy Wildenstein, 70, along with his deceased brother Alec, are alleged to have concealed most of their inheritance from their father Daniel in funds located in multiple tax havens, including the Bahamas and Cayman Islands. Guy stands trial with Alec’s ex-wife and son, as well as two notaries and a lawyer. A Vanity Fair profile had reported Daniel’s wealth at ‘more than $5bn’; however, a year after his death in 2001, his sons valued their inheritance at €40.9m.
The FT reports (4 January 2016) that members of the Wildenstein art-dealer dynasty faced charges on Monday of hiding their fortune from authorities for years, in what has been called one of France’s biggest tax fraud trials. Guy Wildenstein, 70, along with his deceased brother Alec, are alleged to have concealed most of their inheritance from their father Daniel in funds located in multiple tax havens, including the Bahamas and Cayman Islands. Guy stands trial with Alec’s ex-wife and son, as well as two notaries and a lawyer. A Vanity Fair profile had reported Daniel’s wealth at ‘more than $5bn’; however, a year after his death in 2001, his sons valued their inheritance at €40.9m.
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