Lawyer gets 15 years prison for massive U.S. tax fraud scheme
Source: Reuters
Lawyer gets 15 years prison for massive U.S. tax fraud scheme
Source: Reuters - Wed, 25 Jun 2014 21:06 GMT
By Nate Raymond
NEW YORK, June 25 (Reuters) - A former partner at the defunct law firm Jenkens & Gilchrist was sentenced to 15 years in prison on Wednesday following his conviction in what prosecutors call the largest criminal tax fraud in U.S. history.
Paul Daugerdas, who once ran the law firm's Chicago office, had been found guilty by a New York federal jury on charges including conspiracy, tax evasion and mail fraud.
U.S. District Judge William Pauley, who imposed the sentence, said Daugerdas had "tapped into the incredible greed of the wealthy," and corrupted numerous professionals to advance a scheme to promote fraudulent tax shelters.
"Daugerdas is a class by himself," Pauley said. "He was at the apex of tax shelter racketeers."
Read more: http://www.trust.org/item/20140625210245-xsjql/
bigwillq
(72,790 posts)PSPS
(13,613 posts)In other words, he's going to prison because he defrauded someone in the top 0.01%, which cannot be allowed. An example must be made, by golly! He should have concentrated his efforts on the 99%, the ripping off of whom is always allowed and even encouraged.
OneAngryDemocrat
(2,060 posts)I looked up the bastard's campaign contributions on OpenSecrets.org, and what do you think I found?
https://www.opensecrets.org/indivs/search.php?name=Daugerdas&cycle=All&sort=N&state=IL&zip=&employ=&cand=&submit=Submit+Query
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Hoppy
(3,595 posts)WhiteTara
(29,721 posts)Greed is not good.