The Strip Club Owner Who Thought the Cook Islands Could Hide His Money from the IRS

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RockSinCity
Published
According to the Department of Justice, former Las Vegas strip club owner Frederick John Rizzolo admitted more than $1.7 million in employment taxes were owed. Prosecutors said he later transferred approximately $900,000 into a Cook Islands trust and took additional steps intended to prevent the IRS from collecting.

This case explains an important tax principle: owing taxes is generally a civil matter, but taking affirmative steps to conceal assets from IRS collection can become a criminal offense.

Real Tax Crimes.
Real Court Cases.
Real Lessons.
Category
Las Vegas Strip Club
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