According to Dow Jones News Service: VP Seltzer offered $20,000 bribe to erase $200K of NYC taxes. Taxman turned him in instead of taking bribe. NYC says they nearly closed GRI stores because of back taxes due. NYC says that some city tax forms have not been filed for about 3 years. Glad I'm out long ago with a profit. If you have Wall Street Journal, search news all publications for article.