Quellos Execs Get 4 Years Each For Tax Scheme

Law360, New York (January 28, 2011, 7:14 PM EST) -- The founder and a former executive of investment firm Quellos Group LLC were each sentenced Friday to more than four years in prison after pleading guilty to a scheme that allowed clients to avoid more than $240 million in taxes.

Although prosecutors fought for a six-year sentence for former Quellos CEO Jeffrey Greenstein and the company’s former tax attorney Charles H. Wilk, Judge Ricardo S. Martinez of the U.S. District Court for the Western District of Washington ordered each of the former executives to serve 50...
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