Wall Street swindler who owes $59M in NY taxes living high life in Calif.

What can New York do when a taxpayer owes the state millions and moves somewhere else? Hodgson Russ Partner Timothy P. Noonan spoke with the New York Post about the state's collection options in the case of a former Wall Street trader who owes New York more than $59 million in taxes and now lives in California.

Tim noted that an unpaid tax bill of this size is very unusual and should put a taxpayer high on the state's radar. He also explained that New York can domesticate a tax warrant in another state and turn it into a local court judgment. That would let the state go after the taxpayer's bank accounts and real property there.

Read the full article in the New York Post.