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Financier's son pleads guilty in NY tax case

August 28. 2013 5:36PM
Associated Press

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(AP) The son of a pioneering investor in Asian companies has pleaded guilty in New York to tax fraud charges, joining three siblings who earlier admitted hiding money from their father's estate in secret Swiss bank accounts.

Prosecutors say Henry Seggerman entered the plea to conspiracy and other charges in federal court in Manhattan. They say the Seggermans hid more than $12 million left to them after their father died in May 2001.

Harry Seggerman died in Fairfield, Conn., at age 73. He was one of the first mutual fund managers to invest in companies in Asia after World War II. He was a vice chairman of Fidelity Investments before retiring in 1992.

Suzanne, Yvonne and Edmund Seggerman had each previously pleaded guilty to conspiracy.

Associated Press

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