Word: ritholz
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Beyond the accountants' ken, though, there are less clearly observable reasons. "Greed, gre-e-ed, gre-e-e-e-ed," murmurs Boris Kostelanetz, 71, who was born in Leningrad when it was still St. Petersburg and is now the senior partner of Kostelanetz & Ritholz in Manhattan. He savors his own repetition of the word, but he feels that greed is not always or necessarily the motive. Says he: "Greed means you want to keep money and spend it on yourself. For tax evasion there is something else at work. People who don't file tax returns...
When he recently completed a 15-month rap at Michigan's Jackson state prison, Benjamin Ritholz boasted the rare distinction of having paid for paying his debt to society. Reason: Lens-maker Ritholz, who was convicted of trying to bribe the state optometry board, is a millionaire. And under a 1935 state law, Michigan requires rich prisoners to pay their...
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