Yet Another USC Criminal: Laguna Beach billionaire Igor Olenicoff has pleaded guilty in a massive tax fraud scheme involving $346 million and Bahama bank accounts. A product of USC after fleeing the Soviet Union and Iran, Olenicoff lied to the IRS about the existence of the off shore accounts. He’ll have to pay back taxes and penalties of more than $52 million. He also faces up to three years in a federal prison, although I bet it’s a couple of months if at all.
Footnote: Igor and his wif
With apologies to Orange County Register sports genius Randy Youngman, notes, quotes and observations from yesterday’s sojourn to Sacramento, where I received a Latino Spirit Award (honoring Latinos who have made a positive contribution to California) from the California Latino Legislative Caucus:
*Hosting me for two days was the saintly, ever-hilarious Matt Coker, longtime managing editor of the OC Weekly, currently editor at the Sacramento News and Review. Clockwork Coker remains as trouble
