This latest blog post in the NY Times discusses how Mr. Krane, a Hollywood tax lawyer, has recently been charged with money laundering in what was proved to be an illegal tax shelter that he helped setup for the investor Haim Saban and also a passport fraud charge. What's intersting about thsi case is that when Mr. Krane showed up Monday morning for a bail hearing, his lawyer explained in court that friends allowed him to use their identities “for the purpose of protecting Mr. Krane’s life.” The case for the passport fraud charge is scheduled for this fall, but this case has certainly taking a strange turn.
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