A Los Angeles attorney has been sentenced to 32 months in prison and two years of supervised release for his role in a tax shelter scheme.
Matthew Krane, 56, was sentenced Friday by U.S. District Court Judge Ricardo S. Martinez on charges of tax evasion and making a false statement in a passport application. Krane agreed to forfeit $23.1 million to the U.S. Treasury in back taxes, and to return approximately $17.9 million in illegal fees to a former client, Haim Saban, who plans to donate the returned finds to charity.
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