Categorized | National News

Billionaire Who Said He Would Pay Off Morehouse Student’s Debt Admits To Tax Fraud

Screen Shot 2020-10-19 at 2.00.17 AM

Robert Smith, the billionaire who went viral last year for paying off the debt of students at Morehouse College, admitted to an illegal scheme to conceal income and evade taxes by using offshore trusts and bank accounts for 15 years. The Justice Department announced on Thursday that Smith entered a non-prosecution agreement, in which he admitted his involvement…

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