The thing that really bothers me is that there is an entire industry of accountants, lawyers, etc. to help the super-rich hide their incomes. I don't think this guy could have or would have played this whole shell game if he hadn't had somebody at his elbow telling him, "Sure you can evade taxes! And here is how to do it!"
In some ways, I think that the firms like Daszkal Bolton and Squire Patton Boggs are to blame for this phenomenon. And whether this man goes to jail or not, they make money. They may be legal, but they are not ethical.