Michael Shvo has been indicted for an alleged plan to evade $1 million in tax payments for purchases of fine art and other luxury goods.  “Michael Shvo went to great lengths to defraud New Yorkers,” Manhattan DA Cyrus Vance said in a statement. “This indictment puts other purchasers of fine art on notice: the purposeful evasion of New York state and city taxes is a tax crime, and those who scheme to avoid their obligations will be held criminally and civilly accountable.”

Read more at The Real Deal

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