Tax dodging strip club owner keeps Cayman condo

| 22/03/2014

(CNS): The owner of two strip clubs in Wisconsin who tried to hide $240,000 from the IRS to buy a property in the Cayman Islands has evaded jail and got to keep his condo because, a court heard, of his efforts to pay back to the IRS the money he tried to hide here.  Dale Trostorff, 60, of Milwaukee pleaded guilty to "structuring", which is breaking up bank deposits to avoid transaction reports to the Internal Revenue Service, and sentenced Friday to two years of probation, with six months on home lock-down and fined $10,000.

According to court records, U.S. District Judge Lynn Adelman said that, "Cheating on taxes is extremely serious. It's stealing from the public," adding that Trostorff could have gone to prison were it not because of his "extraordinary" effort to pay the government in order to prevent them from seizing his Grand Cayman condo. He also agreed to re-file taxes for three years .

Trostorff made 30 deposits from his strip club takings into a half-dozen accounts in 2009, all below the $10,000 threshold that triggers a currency transaction report. He opened an account at a bank in Grand Cayman and used the cash for a condo.

 

Print Friendly, PDF & Email

Category: World News

Comments (14)

Trackback URL | Comments RSS Feed

  1. Anonymous says:

    I suspect some of the IRS guys were his best customers till one of them got a bad lay.

  2. Knot S Smart says:

    I think we should seriously encourage this man to open a few 'red light places' here – 'red light place' as in a 'strip club'  – with rooms where customers have more participation and can spend the night…

    I bet his best customers besides me – will be some of our well known 'bible-thumpers'  high ranking officials and politicians…

  3. Anonymous says:

    Wonder where this bloke goes out in the evenings. I mean, this place must be rather boring for him I'd have thought?

  4. Buffalo Bill says:

    Never mind all that.  Just send me the gal in the picture with the purse and all that money!

  5. Anonymous says:

    Seriously?  Why is this even news worthy? Some guy bought a condo and he didn't pay all the taxes he was supposed to in another country.  So what.  This is another reason why income tax is a bad idea here.  What an incredibly stupid system.  The US tax code is approx. 20,000 pages long.  No one can possibly understand it all.  Then individuals citizens must try and figure it out and pay what they're supposed to.  If they get it wrong they are hit with fines, property confiscation, and incarceration.  And oh yeah we want every other country to spend their time and money to enforce our laws for us, to make sure we get paid our "fair share".  

    This guy evaded $240k in tax liability.  The government probably spent at least that amount investigating and prosecuting him.

  6. Anonymous says:

    The biggest crooks and Ponzi schemes in the world is perpetrated by the US government and sold to the public by US politicians.

  7. Anonymous says:

    He should be penalized by opening a strip club here

  8. Anonymous says:

    If the conduct was purchased with the proceeds of tax evasion the Cayman government can seise it anyway regardless of whether the tax was repaid.  Might as well get the public funds swelled by ripping off a crook.

    • Anonymous says:

      It is so much of this robbing Peter to pay Paul going on in this world, that come the 30th of June  many of them taking vacations  in the U.S for a week or two will end up spending more time than is anticipated.  Cayman not looking for their taxes!!!! now President Obama is welcoming the return of every cent of his country's taxes.

  9. Coconutz says:

    Fits right in with the rest of them…

  10. Trutsaya says:

    Stealing from the public? More like the government stealing from him!