Tax Shelter Promoter Pleads Guilty in Scheme That Cost IRS $43 Million
WASHINGTON — A Texas tax-shelter promoter pleaded guilty to conspiring to defraud the Internal Revenue Service through a nationwide scheme that prosecutors say concealed roughly $156 million in income and caused about $43 million in federal tax losses. Larry C. Conner, 69, of Frisco, Texas, admitted promoting and selling an abusive trust arrangement to taxpayers from at least February 2018 through September 2023, according to the Justice Department. Conner marketed the strategy through in-person seminars under the name The Business […]