A prominent southern Illinois automobile dealer and three promoters of a tax fraud scheme in the U.S. Virgin Islands were indicted on a variety of tax and wire fraud-related charges, the Justice Department and the Internal Revenue Service recently announced.A federal grand jury in East St. Louis, Ill., returned the 21-count indictment, which charges James A. Auffenberg Jr. of Swansea, Ill., Peter G. Fagan of De Leon, Texas, James W. Ferguson III of Amarillo, Texas, and J. David Jackson of St. Croix, U.S. Virgin Islands, as well as a number of alleged business fronts held by the men. They face conspiracy, income tax evasion, wire fraud and aiding in the filing of false individual and corporate income tax returns charges.
The indictment also seeks the forfeiture of more than $16 million in cash.
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