A South Florida businessman pleaded guilty to tax evasion and failing to disclose offshore accounts that bankrolled his lavish lifestyle, including a $1.6 million Lake Worth Beach home and other real estate.

Dusko Bruer is scheduled to be sentenced June 12 by U.S. District Judge Kenneth Marra in West Palm Beach after pleading guilty Friday. Bruer, a U.S. citizen from Croatia, runs an agricultural equipment business that refurbishes and sells farm machinery worldwide.

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