Ex-Jenkens Chicago Boss Convicted In Tax Shelter Case

Law360, New York (October 31, 2013, 9:51 PM EDT) -- Paul Daugerdas, the former head of the Chicago office of Jenkens & Gilchrist PC, was convicted for a second time Thursday of conspiracy and tax evasion over his role in a scheme to create tax shelters for wealthy clients.

A jury found Daugerdas guilty on charges of conspiracy, tax evasion, impeding Internal Revenue laws and mail fraud after an eight-week retrial. The jury acquitted alleged co-conspirator Denis Field, the former CEO of accounting firm BDO Seidman.

Prosecutors claim the two were part of a group of high-ranking lawyers and accountants who helped build illegal tax shelters for wealthy clients, and won...

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