Jimmy Pflueger will be back in U.S. District Court today at 9 a.m. to learn whether he will be found guilt or innocent of federal tax fraud charges.
The 86-year-old retired automobile dealer – who founded the Pflueger dealerships – is charged with fling false tax returns after IRS agents said he hid $15 million in a Swiss bank account.
U.S. District Judge Leslie Kobayashi will announce her ruling, after Pflueger opted for a non-jury trial.
Pflueger, who has assets of $71 million, is one of Hawaii’s wealthiest residents.
Pflueger’s accountant, Dennis Duban, testified that Pflueger sent his money overseas to protect his assets after he was sued over the breach of his Ka Loko Dam in 2006.
The breach killed 7 people including a pregnant mother and a two-year old child and caused millions of dollars in damages.
Pflueger’s defense team has claimed Pflueger’s signature was forged on key documents, that he was unaware of the tax fraud; and that his California accountant, Dennis Duban, took more than $2 million from him.
His son, two dealership employees and his accountant have already pled guilty to federal tax charges and will be sentenced in April.