MIAMI — A jury of 11 women and one man was selected Monday to try industrialist Victor Posner on charges of evading $1.2 million in taxes and defrauding the U.S. government.
Posner is accused of artificially inflating the value of a 22-acre tract of land that he donated to Miami Christian College in the mid-1970s. The government contends that he used the inflated figures in taking charitable deductions on his tax returns from 1975 to 1979 and that he owes $1.2 million in income taxes.
Posner faces a single count of conspiracy to defraud the U.S. government, four counts of tax evasion and five counts of making false statements. He faces a maximum penalty of five years' imprisonment on each count if convicted.
The chief prosecuting attorney is Assistant U.S. Atty. K. Chris Todd of New York, where the indictment against the 67-year-old Posner was first returned in 1982. Todd was slated to make an opening statement to the jury this morning.