Wealthy hotel developers convicted on tax charges
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A father and son who developed hotels in New York and Florida have been convicted on federal tax charges in Fort Lauderdale.
The U.S. Attorney's Office reports that 77-year-old Mauricio Cohen Assor and 46-year-old Leon Cohen-Levy were found guilty Wednesday of conspiring to defraud the United States and filing false tax returns.
Prosecutors say the men concealed more than $150 million in assets, including Miami Beach mansions, yachts, luxury automobiles and bank accounts containing tens of millions of dollars. They also failed to report more than $49 million in income to the Internal Revenue Service.
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Both men face up to 11 years in prison at sentencing, scheduled for Dec. 17.
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