Wednesday, September 16, 2009

Tax Evasion Related Suicide

Finn M. W. Caspersen, a philanthropist, financier and the heir to the Beneficial Corporation fortune, committed suicide on Labor Day.

NYT is on the story:
Mr. Caspersen, a patron of Harvard and Princeton who gave away tens of millions of dollars to charity, apparently harbored a secret: He was suspected of dodging many millions in federal taxes. The authorities, it seemed, were closing in.

At the time of his death, investigators were building a case against Mr. Caspersen on suspicion of using secret offshore bank accounts to evade taxes.

The authorities had asserted he might have owed as much as $100 million in back taxes and fines or, possibly, even have faced prison, according to a person briefed on the investigation, who was granted anonymity because of the delicacy of the case and the events surrounding Mr. Caspersen’s death.


  1. Wenzel,

    I don't get these stories. You're rich. Go to Switzerland. Or buy an island. Or get lost in Asia.

    Why 'turn yourself in' to the Grim Reaper?

  2. @ TAYLOR-

    Because this America. This shit isn't supposed to happen here.

    Why should a free man be hounded for making the world better by creating immense value and wealth?