Chicago attorney guilty in NYC for tax fraud

Chicago attorney, Donna Guerin, pleaded guilty last month in U.S. District Court for tax evasion and conspiracy to defraud the United States.  Guerin assisted rich clients reduce their tax liability by drafting false documents.

Tax shelters were used to create false loses that allowed wealthy clients to get out of paying millions of dollars in taxes to the government.  Prosecutors have said this is the biggest tax fraud prosecution in history.  One of the tax-shelter schemes resulted in almost four billion dollars in bogus tax losses for wealthy clients.

Guerin is currently waiting a retrial.

For more read “Chicago lawyer pleads guilty in NYC in tax fraud

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