Axelrod Pleads Guilty In Tax Case

Herbert Axelrod, the New Jersey businessman famous for selling a collection of rare violins to the New Jersey Symphony, “pleaded guilty to a federal tax fraud count yesterday in a deal that spares the elderly millionaire from the threat of prosecution on a panoply of other dubious acts… The count, aiding and abetting the filing of a false tax return, carries a maximum sentence of three years in prison, but prosecutors have agreed to seek a term of 12 to 18 months.”