Seattle Real Estate Mogul Sentenced | Seattle News

A Seattle real estate tycoon, Steven Loo, is behind bars for 20 months after a massive tax evasion scheme—hiding nearly $5 million over decades through shell companies. He funneled profits from eight properties, kept income off books, and even got IRS refunds while amassing $43 million. Facing a $250K fine and 3 years of supervised release, he’s already paid back $1.6 million. This case proves: no matter how rich or clever, the IRS always finds you—and the price for dodging taxes is steep. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/faa3b649a71b7eb0