Financial guru Wade Cook and “Queen of Mean” Leona Helmsley go down.
Under watch:
Former investment guru, author and speaker Wade Cook, sentenced to prison as part of a tax evasion case in which he was found to have repeatedly defrauded the IRS. He was ordered to pay $3.75 million in back taxes on $9.5 million generated from sales of financial books, tapes and seminars in the late '90s. His wife, Laura, previously pleaded guilty to obstruction of justice and admitted she created false documents with the intent to understate income. While Cook's net worth was at one time estimated at $200 million, his publicly traded company, Wade Cook Financial Corp., filed under Chapter 11 bankruptcy in January 2003. Just what were Wade and Laura Cook thinking? As usual, we offer the benefit ...
