CNet Co-Founder Tops California's List of Tax Infamy
Technology entrepreneur Halsey Minor has earned the dubious distinction of being named by California’s tax authorities as the state’s biggest tax delinquent.
A list published by the California Franchise Tax Board on Friday says Minor–the co-founder of Internet media site CNet Inc. and several other companies–and his wife, Shannon Minor, owe $13.1 million in personal income taxes to the state. That’s nearly $5 million more than the next biggest tax delinquent in the state.
In an email message, Minor said he had cash-flow issues that stem from moves by a lender to put liens on all his liquid assets, actions that he said are illegal and that he is now fighting in court.