Hamptons Legal – The Daily Detail

News, Service & Small Practice Management

The 100 Million Dollar Screw Up

Posted by pbsweeney on March 28, 2007

So you think you screw up sometimes? I bet you never screwed up to the tune of 100 million dollars by citing the wrong statute. And I bet it was not during the biggest federal tax prosecution EVER. This one goes under the dual categories of “I’m glad that wasn’t me,” and “damn it!”

Here it is from AP & MSNBC: WASHINGTON – Poorly written Justice Department documents cost the federal government more than $100 million in what was supposed to have been the crowning moment of the biggest tax prosecution ever.

Walter Anderson, the telecommunications entrepreneur who admitted hiding hundreds of millions of dollars from the IRS and District of Columbia tax collectors, was sentenced Tuesday to nine years in prison and ordered to repay about $23 million to the city.

But U.S. District Judge Paul Friedman said he couldn’t order Anderson to repay the federal government $100 million to $175 million because the Justice Department’s binding plea agreement with Anderson listed the wrong statute. Read more…

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