Giving a New Meaning to 'Tax Holiday'. Weird tax-dodging story of the day: A [76-year-old] philanthropist best known for selling millions of dollars worth of musical instruments at a discount to the New Jersey Symphony Orchestra has fled to Cuba to avoid tax fraud charges, authorities said Wednesday.
A federal judge issued an arrest warrant for animal publishing tycoon Herbert Axelrod after he failed to show up for an arraignment on charges that he hid income from the Internal Revenue Service.
Assistant U.S. Attorney Michael Guadagno said Axelrod's yacht was docked in Cuba and that the multimillionaire was staying at the Marina Hemingway, a four-star resort in Havana. [Hit & Run]
Good for him! It's nice to read about someone standing up to the Feds, especially at this time of year.
5:45:42 PM 
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