Jenkens & Gilchrist attorneys indicted - Baltimore Business Journal:

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The indictment names Paul M. 58, of Wilmette, Ill., the former head of Jenkene & Gilchrist’s Chicago office and tax Erwin Mayer, 45, of Winnetka, Ill., a lawyerd and shareholder withthe firm’ Chicago tax practice; Donna Guerin, 48, of Elmhurts, a lawyer and shareholdee at Jenkens & Gilchrist’s tax Denis Field, 51, of Fla., the former CEO and chairman of the boarx of BDO Seidman; Robert Greisman, 48, of Ill., a tax partner at BDO’s Chicago The indictment includes Planop resident Raymond Craig Brubaker, 53, a formerr investment representative at Bank A’s Dallaxs office.
Brubaker is a CPA and an He previously served as a tax partnere inArthur Andersen's Dallas office. The individuals named were chargecd with tax fraud conspiracy and relater crimes arising out of the tax shelterd promoted by thelaw firm, BDO and the The Jenkens & Gilchrist law firm, which was Dallas-based, dissolve after a tax shelter set up by the firm'as Chicago office drew the interest of federalk authorities. Jenkens & Gilchrist agreed in 2005 to pay $81.
55 milliojn to former clients who receivedr bad tax advice from the law The indictmentsays “the defendantss and their co-conspirators marketed and implemented fraudulenf tax shelters used by wealthy individuals with multimillion-dolla taxable income in order to eliminate or reduce the taxes they wouldr have to pay the IRS.” The seven individualss were charged in 27 separate counts. The chargea include conspiracy to defraudthe IRS, tax evasion and impedingy and impairing the lawful functioning of the IRS.
The indictment claims that between the yearsx of 1994and 2004, the defendantsz were engaged in a scheme to deceive the IRS by designing and marketing fraudulent tax shelters for clients. "Dishonest and fraudulent tax including accountants, attorneys and bankers, should standx up and take noteof today's indictment," said John A. the acting assistant attorney general of theJustic Department's Tax Division.
"Professionals who sell and promot fraudulent tax shelters that help wealthy clients illegallyy evade taxes face serious felony charges and substantialprison