US adds tax charges against hotel developers

FORT LAUDERDALE, Fla. -- A father and son who developed hotels in New York and Florida have been indicted on several new federal tax fraud charges. Prosecutors said Wednesday that Mauricio Cohen Assor and Leon Cohen Levy now face a seven-count tax fraud indictment. They had previously been charged with only fraud conspiracy and have pleaded not guilty. The Cohens are accused of failing to report income from the $33 million sale of a New York hotel. They are also accused of hiding assets including multimillion-dollar Miami homes, a condo at Trump World Tower in New York, commercial property, luxury vehicles, and a helicopter worth $1.2 million. If convicted, the Cohens each face up to 14 years in prison and fines, back taxes and penalties.