HELENA - Larry Williams, a prominent futures and commodities trader and author who twice ran for the U.S. Senate in Montana, was arrested in Sydney, Australia, this week for international tax evasion, the Associated Press and other news sources reported.
Williams, 64, who now lives in the Virgin Islands, was freed on $753,000 bail and turned over his passport. He returns for a court hearing Monday. He is accused of owing the U.S. government about $1.5 million in taxes for the years between 1990 and 2001.
The former Kalispell resident has written nine investment advice books and teaches his investment tips at seminars. He was in Sydney as part of a lecture tour of Australia and New Zealand.
Williams was the Republican nominee for the U.S. Senate in 1978 and 1982, losing races to then-U.S. Rep. Max Baucus and then-U.S. Sen. John Melcher.
He also is the father of Michelle Williams, 25, who was nominated this year for best supporting actress for her role in "Brokeback Mountain."
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