What was the outcome of Klein's IRS pursuit?
Acquittal
Fine and probation
Community service
Misdemeanor conviction
Answer
The pursuit undertaken by the Internal Revenue Service (IRS) against Klein culminated in a misdemeanor conviction. It indicates that the court found Klein guilty of a less serious criminal offense, as opposed to a felony. Misdemeanor convictions typically result in less severe penalties, such as fines or imprisonment for less than a year, and do not carry the same level of stigma as felony charges.
Master of Business: Unraveling the Legacy of Allen Klein
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