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TAX WATCH
A federal court in San Diego has ordered the temporary freezing of assets held by a charity established by Xelan, an investment company, after the U.S. Justice Department accused the nonprofit group of being an abusive tax shelter.
According to court documents, the Xelan Foundation, in San Diego, allegedly encouraged the company's clients -- mostly...
Court Freezes Assets of California Charity
By Ian WilhelmA federal court in San Diego has ordered the temporary freezing of assets held by a charity established by Xelan, an investment company, after the U.S. Justice Department accused the nonprofit group of being an abusive tax shelter.
According to court documents, the Xelan Foundation, in San Diego, allegedly encouraged the company's clients -- mostly...