Whatever Happened To Paul Hogan From Crocodile Dundee?

Suddenly swimming in "Crocodile Dundee" money, Hogan entrusted his millions to financial adviser Philip Egglishaw, who allegedly convinced him to shift his money into offshore accounts and Swiss banks. Hogan, admittedly no economist, liked what he heard and gave Egglishaw free rein. That proved to be a mistake when Egglishaw fled, and Hogan filed a lawsuit, claiming Egglishaw parked $34 million Australian of Hogan's cash in a Swiss bank account that the actor was unable to access. Hogan sued, claiming that Egglishaw ”absconded with or spent all” of his millions.

When Australian tax authorities caught wind of the situation, a bad situation turned worse, as Hogan was hit with a massive tax bill, reportedly more than $15 million Australian, plus hefty penalties. He avoided the repercussions temporarily, reported CBC News, because he was living in L.A. — until he flew back for his mother's funeral, and was prevented from leaving until he settled up. Hogan continually professed innocence. "If I was a tax evader, which I'm not, I must be the dumbest one in the world, because they gave me five years' notice that they have seized every piece of paper that my tax advisers and lawyers and accountants have ever had," Hogan declared (via CBC News).

In 2012, after a seven-year battle, Hogan finally reached a settlement with Australian authorities; no charges were ever filed.