Greek shipping magnate ordered to pay $1.5M to US tax agency after years as a fugitive

by  Associated Press Greek magnate must pay $1.5M to US tax agency Associated Press - 15 January 2014 17:32-05:00

NEW ORLEANS (AP) — A Greek shipping magnate who remained a fugitive for more than a decade has been ordered to pay more than $1.5 million in restitution to the Internal Revenue Service after pleading guilty in New Orleans to filing a false tax return.

U.S. District Judge Helen Berrigan also on Wednesday sentenced 78-year-old Lucas Ktistakis (siht-AH'-kis) to three years of supervised release and ordered him to pay a $10,000 fine. Ktistakis had faced up to three years in prison, but Berrigan sentenced him to time he already has served in custody since his February 2013 arrest in Germany.

Ktistakis and his wife, Kathryn, were charged in 2003 with purchasing more than $500,000 worth of cars and property in Greece with money diverted from their companies, including New Orleans-based Sunrise Shipping Agency Inc.

News Topics: General news, Fugitives, Transportation and shipping, Crime, Law and order, Industrial products and services, Industries, Business

People, Places and Companies: Helen Ginger Berrigan, New Orleans, Greece, Louisiana, United States, North America, Western Europe, Europe

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