A British attorney was arrested late on May 10 for allegedly engaging in an 11-year tax fraud scheme to hide over $10 million for an American family. Michael Little, 61, who also has a residence in Long Island City, was taken into custody at John F. Kennedy International Airport and charged with helping members of the Seggerman family park money in Swiss banks and then bring it back into the United States, usually in amounts less than $10,000. One family member, Suzanne Seggerman, pleaded guilty in 2010 to a conspiracy to defraud the Internal Revenue Service and awaits sentencing before Southern District Judge Kevin Duffy (See Profile).
The family allegedly used code words when communicating about the scheme, with “small” being the word for Little, “beef” the word for money, “lbs” for $1,000, and “FDA” for the IRS. Little, licensed to practice in New York, allegedly advised the family on establishing bank accounts that were nominally controlled by himself or a Swiss lawyer and counseled them to disguise money transfers back to the U.S. as related to the sales of artwork or jewelry.
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