Ex-Jenkens & Gilchrist Boss Gets 15 Years For $7B Tax Fraud

By Max Stendahl (June 25, 2014, 4:25 PM EDT) -- Paul Daugerdas, the former head of Jenkens & Gilchrist PC's Chicago office, was sentenced in New York federal court on Wednesday to 15 years in prison on charges he orchestrated a $7 billion tax fraud scheme that prosecutors have called the largest in U.S. history.

U.S. District Judge William Pauley delivered the sentence during a Manhattan court hearing. The judge also ordered Daugerdas to pay $164.7 million in forfeiture and $371 million in restitution. Prosecutors had requested a punishment of at least 20 years in prison, while Daugerdas argued he should serve no more than 30 months.

Judge Pauley said Daugerdas,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!