Cicero, a Cadillac Convertible, and a Legendary Coiffure

August 1, 2012

What do Cicero (the Roman statesman and orator), Al Capone, a Cadillac Allante convertible, and a “legendary” coiffure have in common? All are mentioned in a Tax Court opinion finding that Betty Loren-Maltese, formerly president of the town of Cicero, Illinois and more recently an involuntary resident of California, where she was held in a federal prison for her role in a scheme to defraud Cicero (the town, not the orator) of $10 million, engaged in civil fraud when she converted political campaign funds to her own use and failed to report the income. Judge Holmes clearly had fun writing the opinion and we recommend it as a diversion to anyone who doubts that a Tax Court opinion can be amusing.

Opinion: Loren-Maltese v. Commissioner