Tax Evaders Blast $186M Ruling In Flatotel Loan Case

Law360, New York (March 14, 2012, 7:09 PM EDT) -- A pair of convicted tax evaders and others asked a New York state appeals court Wednesday to overturn a $186 million judgment for allegedly defrauding a French bank that loaned them money to renovate the Flatotel in Manhattan.

A lower court entered the $186 million default judgment against convicted tax evaders Maurice Cohen, his son Leon and others they allegedly controlled because of allegations they'd hidden evidence and encouraged witnesses to lie — despite the fact that they've denied those claims, David S. Pegno of Dewey...
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