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Coal tax shelter saga nets 15 indictments in Boston
In 1976 a Boston coal tax shelter scheme drew about 20 million from Elvis Presley and other investors including Alice Cooper and Margaux Hemingway. Proseuctors say investors bought non existent mining rights to avoid taxes. Indictments name Osserman Garfinkle Meyer and Friedman, with many others facing possible charges. the SEC called the venture a device to generate cash for fraudulent deductions.
MENTIONED IN THIS ARTICLE
Boston
Elvis Presley
Maryland
Presley
Alice Cooper
David McCallum
Margaux Hemingway
Securities and Exchange Commission
Wyoming
George Osserman
Paul Garfinkle
Newton
Irwin Meyer
Stephen Friedman
SEC
Osserman, Garfinkle
Meyer and Friedman
Prodamat
Osserman and Garfinkle
S-J Mineral Associates
Meyer
Friedman
Garfinkle
Osserman
Paul Holian
Garfield