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Even from jail, Walter Anderson, the D.C. telecom tycoon accused of concealing $450 million from the Internal Revenue Service, continued to try to hide money overseas, federal prosecutors say. On Aug. 24, prosecutors filed in court a transcript of a taped jailhouse phone call from Anderson to an overseas business associate that they say shows him trying to move assets beyond the government’s reach. On March 22, Anderson placed a collect call to the associate from the D.C. Correctional Treatment Facility to discuss moving an investment from a Cayman Island company to a blind trust on the Isle of Man. In the transcript, Anderson says Chadbourne & Parke corporate attorney Hwan Kim was advising him on the offshore deal. “I had a meeting with my attorney, Hwan Kim,” Anderson says in the call. “I explained to him the logic that we were trying to create some full separation. He understands completely what we’re trying to do. He said that there are a number of different ways to do it . . . he simply suggested that if you could decide which lawyer you want to do it on your side, he’ll see if his firm has somebody appropriate to do it on the other side.” Moments later, Anderson tells the business associate: “The main thing we have to make sure [is] it’s reversible, in some way . . . so that when we clean up the mess, we can reverse it.” The transcript makes no mention of how much money would be involved. Kim did not return calls, but a Chadbourne spokesman issued a statement saying: “[W]e do not and have not represented Orbital Recovery [the Cayman company mentioned in the transcript] and, therefore, have not advised them on any transaction, domestic or foreign, Isle of Man or elsewhere.” Kim previously worked at Swidler Berlin, a firm that advised Anderson’s companies for more than a decade. Kim’s partner at Chadbourne, Abbe Lowell, is representing Anderson in the criminal tax case. The new filing comes just as Lowell asked to be dismissed from the matter, saying Anderson owes $1 million in fees. A hearing is set for Sept. 6.
Jason McLure can be contacted at [email protected]

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