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Tax

Dec. 16, 2009

Lawyer Admits Tax Evasion

A former entertainment lawyer who helped arrange a tax shelter for media mogul Haim Saban has pleaded guilty to federal tax evasion charges, for failing to report about $36 million in income he received from the deal.

By Jean-Luc Renault

Daily Journal Staff Writer

LOS ANGELES - Matthew Krane, a former entertainment lawyer who helped arrange a tax shelter for media mogul Haim Saban, has pleaded guilty to federal tax evasion charges for failing to report about $36 million in income he received for putting Saban in touch with the financial firm that arranged the shelter.

The plea, filed last week in Seattle, came about three weeks after prosec...

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