The Department of Justice announced the indictment of Walter Anderson, a telecom entrepreneur, for failing to pay over $200 million in taxes from over $500 million in profits he earned from various mergers of companies he owned by forming off-shore companies in the British Virgin Islands and Panama to hide the true ownership of the profits.  According to a press release issued by the Tax Division, "Anderson allegedly failed to report this income on either his federal or District of Columbia tax returns and failed to pay approximately $170 million in federal income taxes and $40 million in D.C. income taxes." (ph)