More Charges Filed In Ernst & Young Tax Fraud Case

Law360, New York (February 20, 2008, 12:00 AM EST) -- Expanding the web of a criminal case that has already ensnared four Ernst & Young employees, the U.S. attorney's office for the Southern District of New York issued a new indictment Tuesday, adding more defendants and more charges related to an alleged scheme to develop and market fraudulent tax shelters.

The two new defendants, David L. Smith and Charles Bolton, worked for outside firms. However, they are charged with participating in the same conspiracy described in an earlier indictment, issued in May, which named four current...
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