Business Week has the story here. Former BDO Seidman CEO Denis Field, represented by Sharon McCarthy of Kostelanetz & Fink LLP, was acquitted on all seven counts he faced. Paul Daugerdas, former head of now-defunct Jenkens & Gilchrist's Chicago office, was convicted on seven of 16 counts. The original convictions against Daugerdas and Field were thrown out by SDNY Judge William Pauley after a juror's misconduct was brought to light.
Tag: tax fraud
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Reuters reports here on the astounding award. Yours truly and other luminaries are quoted.
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As tax day gets closer, it is always interesting to see the spike in criminal tax filings. In many ways this makes sense since a goal is to achieve deterrence by letting the public know the ramifications of failing to file or fraudulently filing tax returns. But one problem, as I see it, is that DOJ doesn't put out press releases when individuals are found not guilty.
But also consider Professor Stuart Green's op ed piece (CNBC) - "Why Do People Cheat on Their Taxes?" and CNBC The American Tax Cheat here.
Here are some of the recent DOJ Press Releases on tax filings:
DOJ Press Release, Alabama Sisters Indicted for Tax Fraud and Identity Theft
DOJ Press Release, DC-Area Plumber Charged with Obstructing the IRS – Annandale, Va., Resident Indicted for Tax CrimesDOJ Press Release, Tax Defendant Indicted for Filing False Liens for Billions of Dollars Against Federal Law EnforcementDOJ Press Release, Virginia Contractor Pleads Guilty to Kickback Scheme and Failure to File Tax ReturnDOJ Press Release, Alabama Doctor and Husband Charged with Tax Evasion(esp)
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