WSJ Prints Leaked IRS Audit on Hughes

It wasn’t surprising. The IRS was uncovering what The Wall Street Journal called the largest skimming operation the IRS had ever seen. In it’s July 31, 1972, report, the Journal said. ” The billionaire was roundly fleeced . . . the noose is beginning to tighten.” It quoted a “seasoned” Federal agent as saving the situation involved “some of the most incredible swindles I’ve ever seen” and described the “massive investigative force that is combing Las Vegas, several other U.S cities and such remote points as the Netherlands and the Dominican Republic.”