There’s No Trust Like a Sham Trust

My dentist loves me…well, he loves my teeth. Years of orthodontia and ice hockey combined with some interesting genetics has helped my dentists make money off me. One local dentist decided to make money in a different way.

Dr. Leslie Kotler is a cosmetic dentist in nearby Henderson. He found some tax advisors who believed that a phony trust is a good way of avoiding tax. (It is, until you get caught.) Dr. Kotler had a large tax debt to the IRS; he used a sham to hide his assets along with a bankruptcy petition to delay the IRS. Dr. Kotler pleaded guilty to one felony count of tax evasion related to the $437,456 he owes the IRS.

Dr. Kotler does have one thing going for him when he is sentenced in November: He has agreed to cooperate with the US government as they attempt to stop individuals involved with creating the phony trusts. The Las Vegas Review Journal noted that three individuals have been named in a civil complaint; those individuals may have a lot more to worry about in the future.

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