Quellos Execs Cop To $240M Tax Shelter

Law360, New York (September 14, 2010, 2:11 PM EDT) -- The founder and a former top executive of investment management firm Quellos Group LLC have pled guilty to charges related to a tax shelter that allowed wealthy clients to avoid more than $240 million in taxes.

Judge Ricardo S. Martinez of the U.S. District Court for the Western District of Washington on Friday approved plea agreements between federal prosecutors and former Quellos CEO Jeffrey Greenstein and principal Charles H. Wilk, who each pled guilty to one count of conspiracy to defraud the United States and one...
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