Texas tycoon's fabulous life thrown into chaos by shocking allegations against him and his glamorous wife
A Texas oil tycoon may face years in an American prison for tax fraud for allegedly falsely putting his fortune into his glamorous wife's name to hide his wealth from US authorities. Douglas Edelman, 73, is awaiting trial for allegedly committing tax evasion and conspiracy to defraud the US after decades of allegedly not filing or falsely filing his US tax returns, according to the Department of Justice. Unlike some other countries, the US does require citizens living abroad to still file a tax return each year, but from the mid-1980s to 2015, the government said Edelman allegedly did not file a return with the IRS.
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