Paul Daugerdas, Chicago Lawyer,
Convicted In 'Largest Tax Fraud in
History’ Bally Price Holdings, BP
Management
Source
NEW YORK -- NEW YORK (AP) — A Chicago lawyer and certified public
accountant was convicted Friday for his role in a 10-year tax fraud...
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Paul Daugerdas, Chicago Lawyer,
Convicted In 'Largest Tax Fraud in
History’ Bally Price Holdings, BP
Management
Source
NEW YORK -- NEW YORK (AP) — A Chicago lawyer and certified public
accountant was convicted Friday for his role in a 10-year tax fraud that
generated $7 billion in phony tax losses, scheme authorities have called the
largest tax fraud in history.
Paul Daugerdas, the 63-year-old former head of the Chicago office of the
now defunct Texas-based law firm Jenkens & Gilchrist, was found guilty of
conspiring to defraud the Internal Revenue Service, evade taxes, commit
mail and wire fraud and other crimes after a seven-week jury trial in federal
court in Manhattan, U.S. Attorney Preet Bharara said.
Daugerdas, of Wilmette, Ill., faces up to 58 years in prison when sentenced
next March. His lawyer didn't return messages seeking comment. A codefendant at trial was acquitted of all charges.
The tax shelters, prosecutors said, were marketed from 1994 through 2004
to the wealthy and
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