TAX EVASIONS
ALLEGED ON HUGE SCALE IN CHICAGO GRAND JURY INDICTS PUBLISHER. SUM OF 5,500.000 DOLLARS IN QUESTION. By Telegraph—Press Association— Copyright (Received This Day, 12.25 p.m.) CHICAGO, August 11. A Grand Jury indicted M. L. Annenburg, publisher of the “'Philadelphia Inquirer" and wireless and movie magazines, and. owner of a racing news service, on charges of evading over 5,500,000 dollars of income taxes and penalties. This is reported to bo the largest income tax case in the Government’s history. Officials said it was only one of a series of indictments expected to result from the enterprises of the exnewsboy, who has amassed a fortune by publishing racing information. The indictment covers the period from 1932 to 1936 inclusive, and brings to a climax two years’ investigations by Government agents and nine weeks of Grand Jury hearings, in which fifty auditors were necessary to break down the complicated book-keeping of Annenburg’s many companies. The indictment also named three officials of Annenburg's top holding and operating company, including his son Walter Annenburg.
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Wairarapa Times-Age, 12 August 1939, Page 8
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171TAX EVASIONS Wairarapa Times-Age, 12 August 1939, Page 8
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