Professor Ventry Comments on Tax Probe of Former Dodgers Owner
Professor Dennis J. Ventry, Jr. commented for a Daily Journal report on a criminal investigation of possible tax evasion and other financial misconduct involving the Los Angeles Dodgers Major League Baseball franchise. According to the article, prosecutors in the tax division of the U.S. Attorney's office are investigating accounting practices during the tenure of former Dodger owner Frank McCourt, who sold the team earlier this year.
"We know that over the years the McCourts used their businesses to secure personal lines of credit and to support their lifestyle," said Ventry. "If in blurring the line between legitimate business expenses and personal consumption expenses they crossed over into criminal or fraudulent behavior, federal and state taxing agencies would be very interested."
Professor Ventry is an expert in tax policy and has written widely in the field. His research interests include family taxation, tax expenditure analysis, legal ethics and professional standards, tax and legal history, tax compliance and administration, and public finance.