The strange story of Matthew Krane took another turn late Thursday as the former partner of renowned entertainment lawyer Jacob Bloom pleaded guilty to federal passport fraud and tax evasion charges in a scheme involving overseas tax shelters. The charges stem from a tax case in which prosecutors claim that a $36 million finders fee paid to Krane for enrolling billionaire Haim Saban in the Quellos Group's tax shelters was actually a kickback for a cut of the fees earned from enrolling a high-profile client.
December 14, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The strange story of Matthew Krane took another turn late Thursday as the former partner of renowned entertainment lawyer Jacob Bloom pleaded guilty to federal passport fraud and tax evasion charges in a scheme involving overseas tax shelters.
We previously covered Krane’s legal troubles in July, when the Hollywood tax lawyer sued a former client, entertainment industry billionaire Haim Saban, over a $36 million fee Krane was paid for referring Saban to a Seattle-based hedge fund.
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