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The Country's Biggest Tax Delinquents Seem Rich Even Though They Owe Big

Real estate developer Jack Blumenfeld went bankrupt in 1991, leaving millions of dollars in unpaid taxes and loans. Today, New Jersey lists him as the state's sixth-biggest tax delinquent, owing $1.1 million. An Internal Revenue Service tax lien says Blumenfeld owes more than $1.6 million in federal taxes. Where is Blumenfeld today? The 81-year-old developer lives in the same oceanfront home near Atlantic City where he's lived since his glory days. He has asked local authorities for... Full Story
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