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.
A former vice chairman of the New York Stock Exchange, Gutfreund was fined $100,000 in 1991 by the SEC to settle charges that Salomon Brothers submitted false bids for Treasury bonds in an effort to corner the market. The firm was fined $290 million and was later acquired by the Travelers Group, which then merged with Citigroup.
Gutfreund is currently on the board of directors of nutritional supplement developer Nutrition 21 and president of financial consultancy Gutfreund & Co.
