Friday, April 25, 2008

Snipe Hunt!

"Newly acquired wealth does not endow one with immediate wisdom, nor does it make one immune to a good hustle," ..."I am an idealistic, naive, passionate, truth-seeking, spiritually motivated artist, unschooled in the science of law and finance."

Thus spake Wesley Snipes in an effort to explain how he came to be 20 million in arrears to Unca Sam after not filing tax returns from 1999-2004.

Wesley's attorneys appear to be from Mars: "We were hoping for a complete acquittal," Snipes attorney Linda Moreno told reporters. "I have faith in the process, and I have faith in the jury system. We will appeal."

Looks like he's going to have a big legal bill to go with his big tax bill.

In all seriousness, though, doesn't 3 years in prison seem a little nuts here? Can't you auction off all his assets, put a lien on his future earnings and send him out to hustle up the dough? Prison seems unwarranted. Maybe the Feds are abusing Wes to send a message??

"Snipes' long prison sentence should send a loud and crystal clear message to all tax defiers that if they engage in similar tax defier conduct, they face joining him and his co-defendants ... as inmates in prison," said Nathan Hochman, an official at the US Department of Justice Tax Division.

Ya, maybe so.


Anonymous said...

Yeah, Snipes screws tax payers out of his share of the debt payment, so in return taxpayers fund his room & board for 3 years.

I think it should be called the 'US Legal Department Tax Division'.

Anonymous said...

Indeed. I've never understood why the justice system has feared restitution.