Ex-Treasury Chief Jailed, Disbarred
Robert B. Anderson, U.S. Treasury secretary under President Eisenhower, has been disbarred for tax evasion and illegal banking activities.
A state appeals court last week called its action “a sad, but we think necessary, end to the legal career of one who has in times less beclouded by poor and corrupt judgment served his country in high office.”
Anderson, 78, pleaded guilty in 1987 to evading taxes on $240,000 in income for 1983 and 1984 and to operating an illegal bank in which investors lost $4.4 million.
He was sentenced to a month in jail and five months’ house arrest, fined $500,000 and ordered to enter an alcohol treatment program. He was later suspended from practicing law pending final decision of the appeals court.
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