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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.