Salt Lake Telegram | 1923-05-15 | Page 14 | Oil Promoters Must Pay up Income Taxes

1 t Il PROMOTERS PAY UP INCOME TAXES Texas Men fyten Face Big Bill From om Government as asWell asWell asas Well as Criminal Prose Prose- c tion n for Alleged Fraud ASHINGTON May 15 By ByU U 13 Thc ThO government is preparing lug ing to 0 inflict double punishment on fake fak oil stock promoters by forc- forc em to disgorge 1 Income come taxes onte on e money they have reaped from their victims as well as by subjecting 1 them to criminal prose- prose cut T The Te e income tax experts of th revenue bureau will wUl prePare Income tax bills bUls for promoters pro pro- pro pro- in Texas rs recently Indicted I oon as s the records of ot their I transactions are made public rec- rec submission in court cording According to agents who are areco co antl on the outlook for tax of the oil stock prom promoters pro pro- d dodders many m who are no now flOW under Indict Indict- mi t as well as some who are not h have ve neglected to file income tax tai returns Their Income was wa such uh that the government cannot ar are thrown open t u 1 large number of r. r these t promoters pro pro- will Wilt shortly go go on on trial In miters h in- in Texas under federal grand Jury d The Internal J revenue b bu bureau eAU w will ll then s send nd auditors to go gOVer ver their books and compute amount of income taxes due lt