NY Investment Adviser Cops Plea In $12M Tax Scheme

Law360, New York (August 28, 2013, 7:48 PM EDT) -- A Manhattan investment adviser on Wednesday pled guilty to conspiring with a British lawyer to hide a family inheritance of more than $12 million from the Internal Revenue Service.

Henry Seggerman, fund manager for the Korea-focused International Investment Advisers, admitted he conspired with British lawyer Michael Little to keep the IRS from taxing overseas money his late father, former Fidelity Investments executive Harry Seggerman, left to the family. 

Seggerman entered his plea before U.S. Magistrate Judge James Francis in Manhattan federal court on Wednesday morning, after...
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