Former US Defense Contractor and French Wife Charged with Defrauding US and Evading Taxes on $350 Million Income

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Cointime2024/07/04 00:37

By:Cointime

Douglas Edelman, a former U.S. defense contractor, and his French wife, Delphine Le Dain, have been accused of defrauding the United States and evading taxes on more than $350 million in income. Edelman allegedly owned 50% of Mina Corp. and Red Star Enterprises, which received over $7 billion from contracts with the U.S. Department of Defense. The couple is accused of concealing profits by hiding income in undisclosed foreign bank accounts and making false statements about Le Dain's tax obligations. Edelman has been arrested in Ibiza, Spain, and will be extradited to the United States to stand trial. The case is being investigated by the Joint Chiefs of Global Tax Enforcement (J5) and is the largest J5 case to date.

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