John Gutfreund, former CEO of investment bank Salomon Brothers, is facing a lien of over $430,000 from the Internal Revenue Service on his 16-room Fifth Avenue apartment.

The IRS is pursuing the former "King of Wall Street" after New York State placed a $230,400 tax warrant on him last year, according to the New York Post. Gutfreund's own accountant at Grant Thornton was taken aback when the paper informed him of the IRS tax lien, but said the state tax warrant had already been paid.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access