The billionaire who avoided criminal charges

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dealmaker

The billionaire who avoided criminal charges:U.S. prosecutors and IRS agents spent four years piercing the veil of secrecy that billionaire money manager Robert F. Smith wove to hide more than $200 million in income. It was the largest tax-evasion case in U.S. history. The chief criminal investigator for the IRS says, “I have not seen this pattern of greed or concealment and cover-up in my 25-plus years as a special agent." This is the story of how Smith parlayed connections, charity and cooperation to win a non-prosecution agreement from the Justice Department.(Bloomberg)

“People of lesser economic means normally don’t avoid getting charged when they cooperate."
 
Smith, the richest Black person in the U.S. according to the Bloomberg Billionaires Index, agreed to cooperate after spending years raising his public profile as a philanthropist and advocate for racial justice. He praised the Trump administration’s efforts to provide economic assistance to minority business owners amid the Covid-19 pandemic. As his wealth tripled over the past five years, he also gave away more than he had hidden abroad. All that complicated the possible prosecution of a defendant whom jurors may have viewed sympathetically...

So the richest black man in the USA is also the biggest tax cheat in US history, but his black privilege and "assistance with a national security matter", whatever that means, saved him from prison.

What are the odds he just straight-up bribed Trump? This is one scandal the Democrats won't touch.
 
I think more than prosecution I would say hats off to his evading techniques. Trump has also evaded tax but no one will talk about it, but if someone is doing philanthropy and donating more than what he earns, the government will try to make him a criminal. Where is the justice in it?
 
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