'Crocodile Dundee' star missing $34 million
Actor Paul Hogan is accusing his former financial adviser of making off with the cash.
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.
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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 ??
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