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Reply #81: Sidley Austin Lives to See Another Day [View All]

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L. Coyote Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-25-07 11:23 PM
Response to Reply #72
81. Sidley Austin Lives to See Another Day
Sidley Austin Lives to See Another Day
by Kelly on May 23rd, 2007 /

Unlike Jenkens Gilchrist, which folded after being hit with penalties related to tax advice involving tax shelters ..... According to the IRS, at least one attorney at Sidley issued opinions in connection with potentially abusive tax shelters. .... Michael Garcia, the US Attorney for the District of New York, announced that he would not file criminal charges against Sidley. The decision was based largely on Sidleys ongoing cooperation with the IRS in their investigation, the fact that Sidley did not mass market the shelters and that the purveyor of the schemes, Raymond Ruble, who was ultimately fired ....

Ruble is currently awaiting trial with eight other defendants (each of whom is a former KPMG employee, other than Ruble) for conspiracy to defraud the IRS and various tax evasion offenses; the case is U.S. v. Stein.

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