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Bumble & Bumble Founder Gets Stung by IRS

Michael Gordon accused of tax evasion.

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By: TOM BRANNA

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A warning to all entrepreneurs…Uncle Sam wants his cut of your take. US prosecutors last week arrested Bumble and Bumble Founder Michael Gordon, charging that helied about failing to pay taxes on $29.6 million he received after selling his stake in the company. Bumble and Bumble is now owned by Estee Lauder. Authorities said in court documents filed last week that Gordon, an English-born hairdresser who oversaw Bumble and Bumble’s rise from an unknown salon to an internationa...

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