So for the price of an island, you can also own an apartment in Manhattan. Damn! The recent sale marks the highest price in Manhattan’s real estate history. ”
With eight bedrooms, 10 bathrooms, formal and informal dining rooms and sweeping terraces, there is about 10,000 square feet of interior space — valued at about $5,250 per square foot, Miller said. The real estate taxes alone on the transaction came to nearly $1.5 million.” According to CNNmoney.com
Jeffrey Wirth, Michael J. Murry, CPA; and Wirth’s ex-wife, Holly are all indicted on felony tax evasion and fraud counts. The indictment reads that the Wirth’s and their accountant, Michael Murry of Murry and Murry Ltd., allegedly diverted company funds for personal use. In short, the government is accusing all of diverting millions of dollars in eligible taxable income and calling them corporate expenses. They used that income to pay for the building of a multimillion dollar mansion located on an island in a bay called St. Alban’s Bay in Lake Minnetonka. In addition, the funds were used to to pay for vacations, gym memberships, airline tickets, and other lavish gifts alleged by the US attorney’s office.
In this economy, the government is wanting to throw the book at the potential tax cheats for allegedly only declaring $25,000.00 a year in personal income instead of the millions they earned and used to pay for their lavish lifestyle. Murry is also charged for helping them evade the taxes and then for preparing false corporate and personal tax returns.
We will see what happens with the mansion and the freedom of all those involved. So far, it doesn’t pass the smell test for innocence. However, you never know what good lawyers can do these days.
You can see the initial Star Tribune article here.
Check this place out here! Ashton Kutcher’s sure did have a place to bring home his entourage before he met Demi Moore… It is quite the place. Full size movie screen media room, infinity hot tubs and pools, wine bars, and more.
