Paul Hogan, 'Crocodile Dundee' Actor, Allegedly Missing $34 Million Hidden In Overseas Account

UPDATE: April 2, 2015 -- A legal representative for Philip Egglishaw, a tax adviser with the Swiss firm Strachans, tells The Huffington Post that his client has accounted for money that was being held on behalf of Australian actor Paul Hogan, and that the matter has been resolved.


Crocodiles used to be his biggest worry, but now it's cash.

"Crocodile Dundee" actor Paul Hogan is allegedly missing $34 million he hid away in an offshore tax haven, and he says he thinks his tax adviser, Philip Egglishaw, is to blame.

Swiss newspaper Le Matin Dimanche reports that Hogan's millions have been in a Swiss bank run by the Geneva firm Strachans for almost 20 years, according to a report published in the Sydney Morning Herald. But he cannot get his hands on it.

In court documents filed in California District Court, Egglishaw -- who is a partner at Strachans -- is accused of having "absconded with or spent all" of Hogan's millions.

The company is linked to the biggest tax evasion scheme in Australia.

Clients of Strachans first came under scrutiny back in 2005 when the Australian Taxation Office launched an investigation into offshore tax fraud, according to The Australian. There is currently an international warrant out for Egglishaw's arrest. His partner is currently serving two and a half years in prison after pleading guilty to conspiring to defraud the Australian government.

Hogan has had his own issues to deal with.

The "Crocodile Dundee" star owed more than $150 million in taxes and penalties to the Australian government, Forbes previously noted. The government held him in the country in 2010 until he could pay off the debt. Hogan denied the allegations against him. Last year, he and his manager reached a settlement with tax authorities.

The case against Egglishaw will not proceed in U.S. District Court because there is not enough evidence connecting it to California.

The 73-year-old Hogan rose to fame back in 1986 with the first "Crocodile Dundee" film, which cost $10 million to make but earned more than $325 million in the worldwide box office, according to Forbes. That was followed up by two sequels.



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