'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.


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93Comments
Apr 17, 2013 8:24PM
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A good case for not giving anyone else control of your money.  You made it, you control it.
Apr 17, 2013 11:07PM
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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
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What a coincidence, I'm missing 100 million $...  Let me know if you find any of it.....
Apr 17, 2013 5:56PM
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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
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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
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Tis a tangled web we weave when first we practice to deceive....payback is a ....you know the rest!!
Apr 17, 2013 11:59PM
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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 ?? 

Apr 18, 2013 5:46AM
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Time to put his advisor down under!!
Apr 17, 2013 10:05PM
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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
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We should care about this story why?
Apr 18, 2013 3:19AM
Apr 17, 2013 10:31PM
Apr 17, 2013 9:00PM
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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
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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
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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
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duckettes down the long drop aye mate?
Apr 18, 2013 10:06AM
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No sympathy here for anyone who evades taxes in an offshore account.  Karma is a bitch!
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