Taxmasters And Founder Patrick Cox Found Guilty Of Fraud

TV tax specialists Taxmasters and the company founder Patrick Cox have been found guilty of defrauding customers by a Texas court. The court has hit the high-profile "tax consultants" with a $195 million judgement, including $45 million to be paid by Cox personally. Taxmasters filed for bankruptcy earlier this month, a move widely believed to be an attempt to avoid paying the judgement.

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