Ilitch Holdings under Federal Investigation
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The IRS and Justice Department confirmed that they have opened an investigation into Ilitch Holdings Inc. for possible tax evasion. Sources confirm that filing false federal income tax returns and fictitious business losses are among the steepest alligations. Chief Judge Denise Page Hood has issued a cease and desist order against all of Ilitch Holdings current projects. Sources report a possible seizing of all assets in the near future. What does this hold for the new Little Ceaser arena and the possible move for the Detroit Pistons?
This is a satirical website. Don't take it Seriously. It's a joke.