Billionaire Tax Cheat Busted After 20 Years On The Run

[WSJ] The 79-year-old founder of the ComputerLand Corp. retail chain was last seen by tax authorities on the remote Pacific Island of Saipan, where he lived, in August 1990. A few years after selling his company, the man once listed as one of the richest people in America suddenly vanished.

Until now. The U.S. Commonwealth of the Northern Mariana Islands, of which Saipan is a part, has tracked Mr. Millard and his wife to a yellow mansion on Grand Cayman Island in the western Caribbean, according to court filings and attorneys working on the case.

With help from a New York law firm and a small army of private investigators, the commonwealth now is digging into what its lawyers say is a network of more than 50 shell companies, trusts and bank accounts linked to Mr. Millard in hopes of collecting the $100 million.

This is a fascinating article and does a serviceable job of describing the methods plutocrats use to disguise their wealth in order to avoid paying taxes. Make no mistake, Mr. Millard is a symbol for the rampant, systemic tax fraud being perpetuated by our country's wealthy elite. 

Please read the rest of Mr. Frank's article here.