3 Tips For Tax Attys To Avoid Jail Time

Law360, New York (June 26, 2014, 5:58 PM EDT) -- Although it may be too late for Paul Daugerdas, the former Jenkens & Gilchrist PC boss who was sentenced to prison on Wednesday for orchestrating the largest known tax fraud scheme in American history, other attorneys can still take precautions to ensure they don't find the same fate.

Daugerdas was sentenced to serve 15 years in prison for his role as the mastermind behind the $7 billion scheme, which certified tax law specialist Sanford Millar said was clearly designed to be illegal.

"The simple axiom is...
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