DOJ Says Ex-Seyfarth Atty Ran $370M Tax Shelter Scam

Law360, New York (November 3, 2010, 6:11 PM EDT) -- The U.S. Department of Justice has targeted a Chicago tax lawyer and former Seyfarth Shaw LLP partner with a civil suit alleging that he promoted tax shelters that use distressed Brazilian debt to illegally lower his customers’ reported income, racking up more than $370 million in sham tax deductions.

Attorneys from the department's tax division lodged their 74-page complaint against John E. Rogers in the U.S. District Court for the Northern District of Illinois on Tuesday, detailing his alleged scheme and asking the court for injunctions...
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