White Horse Pictures founder Nigel Sinclair has been indicted for allegedly hiding over $25 million from the sales of stock in his former Intermedia production company in various offshore accounts.

In an eight count September 13 filing from the Department of Justice, the 76-year-old producer is accused of defrauding the federal government of over $5 million in tax revenue over more than 20 years. Sinclair “conspired with others to conceal these proceeds by depositing them into nominee bank accounts in Switzerland,” the feds say.

While having not entered a formal plea yet, Sinclair, through his lawyers, is insisting on his innocence and that the DOJ has misunderstood his financial arrangements.

Read the tax conspiracy indictment of Nigel Sinclair here

In that vein, the grand jury indictment is in part are the result of “Swiss informants who received complete immunity from the U.S. Department of Justice despite having committed countless felonies,” says UK-born Sinclair’s...