Panama Papers Accountant Sentenced To 39 Months

Law360 (September 24, 2020, 8:43 PM EDT) -- A Manhattan federal judge Thursday sentenced a Massachusetts accountant brought down by the Panama Papers investigation to 39 months in prison for tax evasion, wire fraud, money laundering and other charges for helping law firm Mossack Fonseca's clients avoid taxes.

U.S. District Judge Richard M. Berman ordered Richard Gaffey, 76, to also serve three years of supervised release, pay forfeiture totaling almost $5.4 million, $3.5 million in restitution and a $25,000 fine, the U.S. Department of Justice said in a statement. According to information from the indictments and pleadings, Gaffey worked with others from at least 2000 through 2018 to conceal assets and...

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

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?
Beta
Ask a question!