'Brokeback' Star's Father Free On Bail

Larry Williams, the father of actress Michelle Williams, was granted bail May 23 by a Sydney court after being arrested on international tax evasion.

Australian Federal Police, responding to a request from U.S. authorities, arrested the prominent stock market trader Saturday after he flew into Sydney to begin a month-long speaking tour in Australia and New Zealand.

The U.S. Internal Revenue Service has been seeking the 64-year-old Virgin Islands resident over allegations that he evaded $1.5 million in taxes on royalties from his books on the stock market and proceeds from international seminars between 1990 and 2001.

His daughter, 25-year-old Michelle Williams, was nominated for a best supporting actress Oscar for her role in 2005's "Brokeback Mountain."

Williams was freed on $753,000 bail, ordered to surrender his passport and report to police three times per day.

He is due back in Central Local Court on Monday.
The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App