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Keyword: deducted

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  • Feds: Accountant embezzled millions, deducted lavish lifestyle ('invested' in B movies)

    04/18/2006 7:38:59 PM PDT · by NormsRevenge · 12 replies · 816+ views
    AP on Bakersfield Californian ^ | 4/18/06 | MaryClaire Dale - ap
    A tax accountant embezzled $10 million from a client, then used it to fund a lavish lifestyle that included a $2.2 million California mansion, a $74,000 bat mitzvah for his daughter and the production of three horror movies, authorities said Tuesday. Prosecutors said Denis I. Shusterman blew through the $10 million over eight years, spending about half on the three B movies. They said he also wrote off many of his good times as business expenses when he filed his income taxes. As Shusterman's embezzlement and fraud trial opened in federal court, prosecutors also said he gave $495,000 to one...