Libertarian congressional candidate arrested for tax evasion
Saturday, November 6th 2004, 11:50 am
By: News On 6
PHILADELPHIA (AP) _ A Libertarian who lost a race for Congress on Tuesday has been arrested for evading $87,000 in federal income taxes.
Arthur L. Farnsworth, 42, had vowed on his Web site that he would ``never file an individual federal income-tax return again.''
A federal grand jury alleged the electrical engineer failed to pay taxes for three years on more than $221,000 in income and tried to conceal his earnings by transferring assets to fraudulent trusts and overseas bank accounts.
Farnsworth, treasurer of the Pennsylvania Libertarian Party, drew fewer than 4,000 votes in his bid for a seat in the House of Representatives. Republican Michael Fitzpatrick won the race.
Farnsworth was jailed Friday to await a Monday bail hearing. If convicted of tax evasion, he could be jailed for at least a year and ordered to pay all back taxes.