Thursday, May 20, 2010

Hotel developers seek bail to fight US tax charges

FORT LAUDERDALE, Fla. -- A father and son who developed a thriving hotel business are seeking release on bail in Florida so they can fight federal tax charges.

Prosecutors claim 77-year-old Mauricio Cohen Levy and 46-year-old Leon Cohen Levy would flee prosecution and should be kept in custody. They were living in the principality of Monaco before their arrests last month in New York.

A judge in Fort Lauderdale scheduled a hearing Thursday afternoon on the bail request.

The Cohens are charged with failing to report U.S. income from the $33 million sale of one of their New York residential hotels, which operate under the Flatotel name. Their attorney insist both men will stay in South Florida to fight the charges.

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