(Bloomberg) A Florida psychiatrist never spent any of the millions of dollars that prosecutors claim she hid from the Internal Revenue Service, her attorney told jurors at the start of her tax trial in federal court in Fort Myers.
Patricia Hough, who helped her husband David Fredrick build two Caribbean medical schools, is accused of conspiring to use secret Swiss accounts to cheat the IRS. Prosecutors said the couple didn’t report $34 million they made when the schools were sold in 2007. After their May 15 indictment, Fredrick vanished.
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