Welcome to the Piano World Piano Forums
Over 2 million posts about pianos, digital pianos, and all types of keyboard instruments
Join the World's Largest Community of Piano Lovers (it's free)
It's Fun to Play the Piano ... Please Pass It On!

SEARCH
the Forums & Piano World

This custom search works much better than the built in one and allows searching older posts.
(ad 125) Sweetwater - Digital Keyboards & Other Gear
Digital Pianos at Sweetwater
(ad) Pearl River
Pearl River Pianos
(ad) Pianoteq
Latest Pianoteq add-on instrument: U4 upright piano
(ad) P B Guide
Acoustic & Digital Piano Guide
PianoSupplies.com (150)
Piano Accessories Music Related Gifts Piano Tuning Equipment Piano Moving Equipment
We now offer Gift Certificates in our online store!
(ad) Estonia Piano
Estonia Piano
Quick Links to Useful Stuff
Our Classified Ads
Find Piano Professionals-

*Piano Dealers - Piano Stores
*Piano Tuners
*Piano Teachers
*Piano Movers
*Piano Restorations
*Piano Manufacturers
*Organs

Quick Links:
*Advertise On Piano World
*Free Piano Newsletter
*Online Piano Recitals
*Piano Recitals Index
*Piano Accessories
* Buying a Piano
*Buying A Acoustic Piano
*Buying a Digital Piano
*Pianos for Sale
*Sell Your Piano
*How Old is My Piano?
*Piano Books
*Piano Art, Pictures, & Posters
*Directory/Site Map
*Contest
*Links
*Virtual Piano
*Music Word Search
*Piano Screen Saver
*Piano Videos
*Virtual Piano Chords
Topic Options
#919945 - 04/22/04 06:09 PM Interesting news, not pianistic though...
AndrewG Offline
2000 Post Club Member

Registered: 05/26/01
Posts: 2506
Loc: Denver, Colorado
Philanthropist misses arraignment, said to be in
Cuba

By TOM BELL
The Associated Press
4/21/2004, 4:42 p.m. ET

TRENTON, N.J. (AP) — A philanthropist best known for selling millions of dollars worth of musical
instruments at a discount to the New Jersey Symphony Orchestra has fled to Cuba to avoid tax
fraud charges, authorities said Wednesday.

A federal judge issued an arrest warrant for animal publishing tycoon Herbert Axelrod after he failed
to show up for an arraignment on charges that he hid income from the Internal Revenue Service.

Assistant U.S. Attorney Michael Guadagno said Axelrod's yacht was docked in Cuba and that the
multimillionaire was staying at the Marina Hemingway, a four-star resort in Havana. The United
States has no extradition treaty with Cuba.

Guadagno said Axelrod, 76, was aware of the charges against him and the court hearing scheduled
for Wednesday. An Axelrod associate told the U.S. Attorney's Office that Axelrod recently traveled
from Zurich, Switzerland, to Cuba and had no intention of returning to this country, Guadagno told
U.S. District Court Judge Garrett Brown. Guadagno refused to identify the Axelrod associate.

Attorney Michael Himmel, who had been representing Axelrod, said he had notified Axelrod of the
indictment and Wednesday's court hearing, Guadagno told the judge. But Himmel, who did not
attend Wednesday's proceeding, said that he had not been retained by Axelrod for the tax case.

Himmel said during a telephone interview that he represented Axelrod during the grand jury process
but was not retained for Wednesday's hearing. Himmel said he does not know where Axelrod is.

Axelrod was charged with using Swiss bank accounts to hide income from the IRS related to the
publishing company he owned that specialized in books on animals and pets.

The indictment said that between 1990 and 1996, Axelrod gave an executive of his publishing
company $700,000 in bonus payments, deposited into Swiss bank accounts.

When the executive was fired he was given $950,000 in severance. Of that, $775,000 went into the
Swiss accounts, the indictment said. It said Axelrod told the employee the IRS could not obtain
records of the Swiss accounts and told him not to disclose their existence.

Axelrod was charged with conspiracy to defraud the IRS and aiding the filing of a false tax return.

Guadagno said Axelrod recently sold his home in Deal, N.J., for $6.5 million and that over the last
year he had liquidated a number of other properties, including several in Key West, Fla. The value of
the other properties was not known, the assistant U.S. attorney said.

In February 2003, Axelrod sold 30 rare Italian string instruments he had collected, which were valued
at $50 million, to the NJSO for $18 million. Axelrod originally wanted to sell the violins to the
orchestra for $25 million, but eventually settled for the smaller amount when officials couldn't come
up quickly with the higher amount.

Top
#919946 - 04/22/04 06:14 PM Re: Interesting news, not pianistic though...
Jeff Bauer Offline
1000 Post Club Member

Registered: 07/28/03
Posts: 1718
Loc: Los Angeles
Jeeze. When is enough $$ enough $$?

This guy could have paid his taxes and he still would have been rich.
_________________________
Jeff Bauer | Keyboard Concepts

Yamaha | Schimmel | Bösendorfer | Knabe | Seiler | Restored Steinway

BauerHouse Productions

Top

What's Hot!!
Our latest Issue is available now...
Piano News - Interesting & Fun Piano Related Newsletter! (free)
-------------------
HOW TO POST PICTURES on the Piano Forums
-------------------
Sharing is Caring!
About the Buttons
-------------------
Forums Rules & Help
-------------------
ADVERTISE
on Piano World

The world's most popular piano web site.
(ad) HAILUN Pianos
Hailun Pianos - Click for More
Ad (Seiler/Knabe)
Seiler Pianos
Sheet Music
(PW is an affiliate)
Sheet Music Plus Featured Sale
(125ad) Dampp Chaser
Dampp Chaser Piano Life Saver
(ad) Lindeblad Piano
Lindeblad Piano Restoration
Who's Online
126 registered (Abby Pianoman, AndreiN, AmateurBob, ando, 37 invisible), 1562 Guests and 12 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
75522 Members
42 Forums
156172 Topics
2293458 Posts

Max Online: 15252 @ 03/21/10 11:39 PM
New Topics - Multiple Forums
Interview with Arnaldo Cohen
by vlhorowitz
07/25/14 10:53 PM
Interview with Arnaldo Cohen
by vlhorowitz
07/25/14 10:53 PM
Interview with Arnaldo Cohen
by vlhorowitz
07/25/14 10:52 PM
Invention in F Minor
by SunnyFriday
07/25/14 10:21 PM
Noisy keys on a 2 years old Casio PX-135
by pake10
07/25/14 10:07 PM
(ads by Google)

Visit our online store for gifts for music lovers

 
Our Piano Related Classified Ads
| Dealers | Tuners | Lessons | Movers | Restorations | Pianos For Sale | Sell Your Piano |

Advertise on Piano World
| Subscribe | Piano World | PianoSupplies.com | Advertise on Piano World | Donate | Link to Us | Classifieds |
| |Contact | Privacy | Legal | About Us | Site Map | Free Newsletter | Press Room |


copyright 1997 - 2014 Piano World ® all rights reserved
No part of this site may be reproduced without prior written permission