Feds Drop Liens on Diamond Mogul’s Widow, Heir Pays $63 Million

Federal prosecutors agreed to voluntarily stop pursuing tax liens encumbering the property of diamond mogul Chaim Lax’s widow, Judith, after their son agreed to pay $63.2 million in estate and income tax liabilities.

Judge I. Leo Glasser of the US District Court for the Eastern District of New York granted the government’s stipulated partial dismissal on Tuesday with respect to the transferee liability of Judith’s deceased husband’s unpaid estate taxes, as well as federal tax liens against his estate’s property. Moshe Lax, who is their son, heir and the estate’s executor, agreed