US Settles on $61 Million Tax Fraud Allegations Against Family

The United States settled its case against two brothers and a father involving nearly $61 million as of 2019 in assessed taxes, penalties, and interest largely tied to the sale of stock.

The details of the Monday agreement were not disclosed beyond that the parties will bear their own attorneys’ fees and other costs. The case arose when the US in 2018 sued father Alfredo Caceres and brothers Luis Alfredo Caceres and Luis Angel Caceres, as well as a trust tied to Luis Angel Caceres and Henco Holding Corp. Henco’s stock was entirely controlled by the three family members prior ...