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Personal Finance > Taxes
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You're not alone, Dennis
Tyco's Kozlowski joins a long list of prominent personalities who have faced tax evasion charges.
June 5, 2002: 7:59 AM EDT

NEW YORK (CNN/Money) - Tyco International's former CEO Dennis Kozlowski may be the latest business mogul to be indicted for tax evasion -- but he certainly isn't the first. A who' who list of athletes, gangsters, investment bankers and politicians have faced similar charges.

Here's are some notable tax cases.

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Al Capone. The Internal Revenue Service charged the Chicago crime boss with failure to pay four years' worth of taxes. Despite his pleas of "this is preposterous, you can't tax illegal money," Capone was sentenced to 11 years in jail and an $80,000 fine in 1930.

J.P. "Jack" Morgan. Morgan became the senior partner of investment bank J.P. Morgan after his father, J. Pierpont Morgan, died in 1913. Upon returning from a trip to Europe, Jack told reporters waiting at the dock that he had no remorse about not paying taxes in 1931 and 1932. "If [Congress] doesn't know how to collect them, then a man is a fool to pay," he added.

Leona Helmsley  
Leona Helmsley

Joseph Nunan. Nunan, who was IRS commissioner from 1944 through 1947, made a $1,800 bet in 1948 that Harry Truman would win the Presidential election. He won the bet but did not report the winnings to his employer. Nunan was convicted of tax evasion in 1952.

Spiro Agnew. The former vice president to Richard Nixon pleaded no contest to one count of tax evasion in 1973. Agnew agreed to resign, received three years probation and paid a $10,000 fine.

Leona Helmsley. Claiming "only the little people pay taxes," the real estate heiress and her late husband withheld millions in tax revenue. Helmsley received two years in prison and a $7 million fine for her 33 counts of tax evasion.

Pete Rose  
Pete Rose

Pete Rose. Major League Baseball's all-time leader in hits, who is banned from the Hall of Fame for alleged gambling indiscretions, was sentenced to five months in jail, a $50,000 fine and 1,000 hours of community service in 1990 for evading taxes.

Heidi Fleiss. The world's oldest profession also gets a 1040. The "Hollywood Madam" served 20 months for evading taxes on her call-girl service to the stars.

Peter Max. The artist was sentenced to two months in prison and 800 hours of community service after concealing more than $700,000 in income from art sales and trades.

Marc Rich  
Marc Rich

Marc Rich. Rich was indicted for evading more than $48 million in taxes in 1983. He also was charged with 51 counts of tax fraud and with running illegal oil deals with Iran during the Iran hostage crisis, but President Clinton pardoned the fugitive financier in one of his last acts in office.

Dennis Kozlowski. According to an indictment from Manhattan District Attorney Robert Morgenthau, Kozlowski bought six paintings worth $13.2 million using funds borrowed from Tyco, including valuable pieces by Renoir, Monet and other artists, but avoided paying any of the $1.1 million in New York sales taxes by persuading art gallery employees in New York and London to ship empty boxes to the company's offices in Exeter, N.H. Kozlowski, 55, pleaded innocent Tuesday and was released on $3 million bail.

-- Money magazine contributed to this report.  Top of page






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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.