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Judi Lynn

(160,524 posts) Wed Jun 25, 2014, 06:59 PM Jun 2014

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/

5 replies

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Highlight:

Lawyer gets 15 years prison for massive U.S. tax fraud scheme (Original Post) Judi Lynn Jun 2014 OP

15 years is not enough, imo (nt) bigwillq Jun 2014 #1

"tapped into the incredible greed of the wealthy" PSPS Jun 2014 #2

OpenSecrets.org OneAngryDemocrat Jun 2014 #3

Well, I guess the Republican campaign coffers will be a little lighter this election cycle. Hoppy Jun 2014 #5

Daugerdas had "tapped into the incredible greed of the wealthy," WhiteTara Jun 2014 #4

bigwillq

(72,790 posts)

1. 15 years is not enough, imo (nt)

Reply to Judi Lynn (Original post)

Wed Jun 25, 2014, 06:59 PM

Jun 2014

PSPS

(13,593 posts)

2. "tapped into the incredible greed of the wealthy"

Reply to Judi Lynn (Original post)

Wed Jun 25, 2014, 07:08 PM

Jun 2014

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.

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.