NEW YORK May 24 Former Jenkens & Gilchrist law
firm partners Paul Daugerdas and Donna Guerin were found guilty
on Tuesday along with former BDO Seidman chief executive Denis
Field in a tax shelter scheme to fabricate losses for wealthy
The Manhattan federal court jury returned its verdict on a
25-count indictment for five defendants two weeks into their
deliberations. The trial started in early March before U.S.
District Judge William Pauley.
Daugerdas was found guilty of 23 counts, including
conspiracy, tax evasion and mail fraud. Guerin was convicted on
12 counts including conspiracy, tax evasion and mail fraud, and
Field was convicted on 7 counts in the case that prosecutors
said involved making up hundreds of millions of dollars in
losses for clients to avoid paying taxes.
One other defendant, former Deutsche Bank Alex.Brown banker
David Parse was acquitted on the main charges of conspiracy and
tax evasion. The jury convicted him of one count of endeavoring
to obstruct and impede the U.S. Internal Revenue Service and
one count of mail fraud.
A fifth defendant, another former Deutsche Bank Alex.Brown
banker, Craig Brubaker, was acquitted on all counts.
The case is USA v Paul Daugerdas et al, U.S. District Court
for the Southern District of New York, No. 09-581.
(Reporting by Grant McCool)