Weeks after being ousted at Wynn Resorts amid sexual misconduct allegations, Steve Wynn met with Treasury Department officials about ways to reduce his tax liabilities.
Wynn potentially faced a huge tax bill after selling his stake in the company for $2.1 billion.
The Wall Street Journal reports Wynn met with officials, including Treasury Secretary Steven Mnuchin, to discuss so-called “opportunity zones” which offer tax breaks for investing in low-income areas.
Wynn’s stock sale could have left him with a tax liability of more than $100 million. Wynn resigned from the company in February 2018, weeks after multiple reports of sexual misconduct spanning several decades.
Nevada gaming regulators recently passed down a fine of $20 million for Wynn Resorts for failing to properly investigate the claims