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BY CHRISTINA HOAG
November, 25, 2003 |
Former local finance 'whiz'
guilty of fraud
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Intro: |
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Marc M. Harris, the former Miami Beach whiz-kid financier, was
convicted Monday of tax evasion, money laundering and conspiracy in
connection with offshore schemes to cheat the Internal Revenue
Service out of more than $5.9 million.
Harris, 38, set to be sentenced Feb. 6 by U.S. District Court Judge
James I. Cohn, faces seven to nine years in prison, the IRS said.
After a two-week federal trial, a jury found Harris guilty in 16 of
the 30 counts against him. The 14 not-guilty verdicts included
charges of preparing false tax returns and tax evasion.
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Excerpt: |
Despite the distance, he was often in the sights of authorities.
A 2001 U.S. Senate report accused Harris of being ``behind a number
of international bank and investment frauds, including banks that
have been shut down by the British banking authorities for
conducting illegal and fraudulent activities.''
''This [trial] is just the tip of the iceberg with Marc Harris,''
said Daniel Marchant, publisher
of Offshore Alert, a Miami-based
moneylaundering-investigative newsletter, which ran an exposé of
Harris in 1998.
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