The Press: In Room 475
(2 of 2)
"Since the tax investigation has commenced I have been informed that perhaps our bookkeeping systems have not kept pace with the growth of the business and it may be that some taxes are owing to the Government. . . . I have assured the Government that any taxes which are rightfully due it will be paid. . . ."
Despite Publisher Annenberg's assurances, the Government was in no mood to settle out of court. If found guilty, Moe Annenberg might spend the rest of his life in prison.* This week a second Grand Jury will resume an interrupted inquiry to determine whether the Annenberg racing news services violate antimonopoly statutes. Said District Attorney Campbell: "There is more to come. There will be some very interesting and colorful charges."
*Each of the ten indictments carries a maximum penalty of five years. Publisher Annenberg is 61.
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