The Internal Revenue Service (IRS) has filed a request with a federal court in Dallas to pursue alleged fraudster Sir Allen Stanford for $226.6 million in unpaid taxes, according to reports.
Reuters said the IRS submission contests that the Texas-born billionaire and his wife Susan did not pay the federal income taxes between 1999 and 2003.
The news agency said the debt could increase as according to the documents, Sir Allen has not filed a 2007 income tax return.
Sir Allen was charged last month by the Securities and Exchange Commission (SEC) with orchestrating an $8 billion investment fraud through his Antigua-based company, the Stanford International Bank (SIB).
The SEC also named SIB chief financial office James Davies and Stanford Financial Group chief investment officer Laura-Pendergest-Holt in the enforcement action. Ms Pendergest-Holt has subsequently been charged by the FBI with obstructing the SEC inquiry.
Reuters noted that earlier this month, 1,000 Stanford group employees had their posts terminated by the court-appointed receiver for the business. A federal judge has also granted an indefinite freeze on Sir Allen's assets.
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