NEW YORK – A British attorney has been ordered held on $2 million bail in New York after his arrest on charges he advised the family of a former top Fidelity Investments executive how to dodge U.S. taxes by hiding millions of dollars overseas.
Michael Little was to be held overnight after a federal magistrate judge in Manhattan ordered bail secured by at least $1 million in cash or property.
Little was accused of defrauding the Internal Revenue Service by hiding at least $10 million overseas in Swiss bank accounts and elsewhere. He was arrested Thursday night as he arrived at Kennedy International Airport on a flight from London, where he lives with his wife and children.
Prosecutors described him as a risk of flight. His lawyer says he is not.
True Crime
The hottest stories ripped from the headlines, from crime to courts, legal and scandal.
By entering your email and clicking the Subscribe button, you agree to the Fox News Privacy Policy and Terms of Use, and agree to receive content and promotional communications from Fox News. You understand that you can opt-out at any time.
