Deutsche Broker Gets 3 1/2 Years In Jenkens Tax Fraud

Law360, New York (March 22, 2013, 7:00 PM EDT) -- A former Deutsche Bank AG broker was sentenced Friday in New York federal court to 42 months in prison for conspiring with lawyers at Jenkens & Gilchrist PC in a tax evasion fraud that prosecutors have labeled the largest in history.

David Parse was convicted in May 2011 of two tax fraud-related charges for allegedly conspiring with attorneys at Jenkens' Chicago office to create tax shelters that helped wealthy clients avoid U.S. taxes.

He allegedly sat in on meetings at which Jenkens lawyers counseled the tax cheats to lie to the government, then provided the banking assistance necessary to execute the...

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