Home > Uncategorized > Will California Gamble in Las Vegas? The Stakes are High in the Gilbert Hyatt Case.

Will California Gamble in Las Vegas? The Stakes are High in the Gilbert Hyatt Case.

Heaven help any of us they come after

This is a case I reported on earlier in my blog.  I cannot fathom how this story has not been covered by 60 Minutes or made the front page of any major daily.  I’m just as surprised that it has not surfaced in any major daily in California during the budget crisis.  Why?  Because this could cost the State over half a billion dollars.  In fact, a verdict has been delivered against California by a Nevada jury and is awaiting appeal- in the State of Nevada.

The events are covered in detail in any of the following sources:

Forbes, Oyez: US Supreme Court Media

To summarize, the California FTB sued Gilbert Hyatt, an inventor of a microprocessor chip, for tax fraud.  The FTB claimed that Mr. Hyatt did not file a return for the income derived from his invention.  Mr. Hyatt claimed he was already a Nevada resident at…

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