'Crocodile Dundee' star missing $34 million

Actor Paul Hogan is accusing his former financial adviser of making off with the cash.

By Kim Peterson Apr 17, 2013 4:20PM
File photo of actor Paul Hogan on the set of Crikey, there's a lot of irony here.

Australian regulators have for years accused "Crocodile Dundee" star Paul Hogan of skipping out on millions in taxes. Hogan allegedly hired an adviser to help him hide that money in offshore tax havens.

Now Hogan claims the adviser has run off with $34 million he had stashed in a Swiss bank account. Hogan's lawyer sued the adviser in a California court, but the court rejected the claim in February.

The issue centers around the $34 million that has been parked for nearly 20 years at the Corner Bank in Lausanne, Switzerland. Hogan started getting nervous last year after his adviser, Philip Egglishaw, wouldn't give him any bank statements about the money, The Sydney Morning Herald reports.

Egglishaw had moved money into a new trust he set up for Hogan after authorities began investigating whether Hogan was hiding his "Crocodile Dundee" money in an older trust, The Herald reports.

Hogan's lawyer sued Egglishaw in a California district court, but the case was dismissed in February. A judge said California was too far from Switzerland and the British Virgin Islands company that Egglishaw allegedly used to run Hogan's trust.

So that leaves Hogan now with few options. His once-trusted adviser has fled an international arrest warrant. His $34 million Swiss bank account is gone. His lawyer's lawsuit hit a dead end. He hasn't been in a film in years. On the plus side, he settled his tax evasion case confidentially with Australian officials last year.

At least Hogan has his real estate holdings to fall back on. He and his wife, Linda Kozlowski, are known for buying mansions, giving them stunning makeovers and selling them for a profit, The Courier-Mail reports. See the latest mansion he put on the market here.

More on moneyNOW

Apr 17, 2013 8:24PM
A good case for not giving anyone else control of your money.  You made it, you control it.
Apr 17, 2013 11:07PM
How can people be so unaware of their own finances? If I had 34million I sure would know how and where the money is..."Smart in the bush, dumb in the city"
Apr 17, 2013 6:43PM
What a coincidence, I'm missing 100 million $...  Let me know if you find any of it.....
Apr 17, 2013 5:56PM
If the facts are correct and he was hiding the money for the purpose of not paying taxes it serves him right to lose it.
Apr 17, 2013 11:38PM
why  i  dont giv e my wife control of the  money,  we would be broke, she likes to give it to her relatives, i stopped that  many years ago, isaid let them work for it,, i did,,we have a nice comfotable life now,  im retired and know where every dime is, even the accountants have no control over it, i  do not invest so   no one can steal it,makes life simple
Apr 17, 2013 6:36PM
Apr 17, 2013 11:19PM
Tis a tangled web we weave when first we practice to deceive....payback is a ....you know the rest!!
Apr 17, 2013 11:59PM

If I had 34 mill, I wouldn't worry about where the money was, the guy would be history.


Still don't understand why Made-off is still alive ?? 

Apr 18, 2013 5:46AM
Time to put his advisor down under!!
Apr 17, 2013 10:05PM
Are people going to let this Thief get away with this?! Time to either catch him or put a hit out on him.
Apr 17, 2013 8:54PM
We should care about this story why?
Apr 18, 2013 3:19AM
Apr 17, 2013 10:31PM
Apr 17, 2013 9:00PM
There's got to be a movie in there somewhere. Didn't that happen to Rocky? Come on Hogan get those writers going. Crocodile Dundee 3 doesn't sound out of the question. God bless!
Apr 18, 2013 9:57AM
Unfortunately Mr. Hogan trusted the wrong guy. Hey Paul, hire a detective. Or even better yet ask Anonymous to find him. When you find him introduce him to a pair of side cutter pliers. Start with his little toe. Work your way to his groin. I have a feeling he'll start transferring money to another account quickly. Just make sure you set this account yourself. 34 million is a lot of cash to let some slime bag Bernie Madoff wanna be walk off with.
Apr 18, 2013 10:53AM
Never give the Key to your kingdom to some one else. Greed is a sin that any one of us can become a victim of. Just see how some family members can act when a lawyer reads a will.  He thought he w****. The whole time the Fox was watching his hen house. 
Apr 17, 2013 9:55PM
Apr 17, 2013 9:44PM
duckettes down the long drop aye mate?
Apr 18, 2013 10:06AM
No sympathy here for anyone who evades taxes in an offshore account.  Karma is a bitch!
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
100 character limit
Are you sure you want to delete this comment?


Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

Trending NOW

What’s this?


[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).

Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More