Ex-Bank One Exec Gets 5 Years For Alleged Tax Scheme

Law360, New York (January 13, 2011, 6:39 PM EST) -- A federal judge sentenced former Bank One Corp. executive John Ohle on Thursday to five years in prison for alleged crimes associated with tax evasion and helping others generate as much as $87.5 million in phony losses to avoid paying taxes.

Judge Jed S. Rakoff handed down the sentence in the U.S. District Court for the Southern District of New York, and said it was a considerable departure from a guideline sentence range and the 15 years requested by prosecutors.

“The sentencing guidelines in certain circumstances...
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