Wildenstein Family Denied Second Delay in Tax Fraud Trial
- September 26, 2016 19:46
Bloomberg reports that a French judge has denied the wealthy art-dealing Wildenstein family a second delay in their fiscal fraud trial. Two members of the Wildenstein clan had sought a stay on the trial in criminal court while a civil case was completed first.
Guy Wildenstein is accused of hiding inheritance from his late father, Daniel, in offshore trusts and authorities seek back taxes on an estimated $1-billion estate.
The suspension sought by Guy Wildenstein and his nephew, Alec Junior Wildenstein, could delay the trial by “several years,” Judge Olivier Geron said in Paris Monday. That would run foul of the need for verdicts to be handed down in a reasonable time frame, he said.