• September 9, 2024

ALERT: Former Corporate CEO Gets 60 Months In Prison….

You might as well agree with me when I say taxation is theft. Well, this latest controversy involving a CEO is a perfect example.

Todd Kozel is a CEO of an overseas oil company, Gulf Keystone and he had received a 5 years prison sentence for evading taxes on a foreign oil concern that he was invested in.

Given the fact that taxation is ridiculous enough already our absurd Government is now demanding all compensations not made in the country and often made by people residing outside the borders of the country are its rightful claim.

But the taxation wasn’t the only cause of his imprisonment, his divorce settlement could have contributed to his indictment.

The US Attorney for the Southern District of New York has released a statement:

 U.S. Attorney Damian Williams said: “For years, Todd Kozel failed to file income tax returns, or pay the federal tax liabilities that were owed under those returns, despite earning millions of dollars in compensation as the CEO of an overseas oil company. Today’s sentence shows that no one is above the law—all citizens must pay their fair share of taxes, including Americans who earn compensation from working in foreign countries.”

IRS Criminal Investigation Special Agent-in-Charge Tom Fattorusso said: “U.S. citizens are required to pay taxes on worldwide income from all sources, including income earned overseas. Kozel earned tens of millions of dollars, and as a result, was required by law to pay taxes – more than $20 million – on those earnings. By not paying his fair share, he cheated the American people out of millions of dollars.”

Non the less, corruption may have heavily influenced the verdict of this man but what the New York Post has confirmed, it will set more clear air.

The NY Post reported:

“A former oil executive won a massive legal victory Wednesday when an appeals court overturned a $38 million judgment his ex-wife won in their divorce, according to court papers.

Todd Kozel, who married a young Lithuanian blonde after he and wife Ashley split in 2010, was ordered by a family court judge in Florida to pay his socialite ex the hefty sum when he was late turning over 23 million shares of his former company Gulf Keystone Petroleum, Ltd.”

Bloomberg also confirmed:

The founder of a European oil and gas company was sentenced to five years in prison after admitting he failed to file tax returns on $66 million of income, which he blamed on a “bitter divorce.”

Sources: We Love Trump, The NY Post, Bloomberg, The US Attorney for the Southern District of New York

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