Detailed text transcripts for TV channel - MSNBC - 20170107:10:22:00
>> to make a long story short the judge said all of the money was raised was fraud even though we could show we gave away $70,000 to little league teams, hospitals, christmas drives, thanksgiving, easter basket drives. now it's all fraud money so because it's all fraud the $3.5 million is all income and by the way you owe several million dollars tax on that. >> after donating only $70,000 of the $3.5 million he raised, tiano was sentenced to almost 18 years in prison for fraud and embezzlement. >> it's one of those things that in the beginning it seemed surreal. as you go through it you start ...