A Florida psychiatrist never spent any of the millions of dollars that prosecutors claim she hid from the Internal Revenue Service, her attorney told jurors at the start of her tax trial in federal court in Fort Myers.
Patricia Hough, according to her lawyers, is an altruistic psychiatrist who helped her husband build two Caribbean medical schools. To prosecutors, she is a tax cheat who used offshore accounts to avoid paying taxes on millions of dollars from the schools’ sale.
Chico’s FAS Inc. stands to hand shareholders a gain of at least 38 percent should activist investor Blue Harbour Group LP’s efforts to unlock value at the women’s clothing chain spark takeover interest.
Florida Gulf Coast University, whose men’s basketball team became the first 15th seed to make the National Collegiate Athletic Association tournament’s regional semifinals, is shopping $30 million of debt to finance student housing.