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Chicago lawyer found guilty over 'largest tax fraud in history'
The former Chicago head of now defunct law firm Jenkens & Gilchrist could face up to 58 years in prison over a US $7 billion deceit.
Paul Daugerdas, former Chicago lawyer, is found guilty of tax fraud Steve Wood
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Paul Daugerdas will be sentenced in March, after being found guilty of defrauding the Internal Revenue Service, evading tax and other offences. According to KansasCity.com, he made fees of $95m in creating and marketing tax shelters to wealthy clients but he has paid less than $8,000 in tax. In a city made famous for tax dodging by Al Capone, this case has brought notoriety as as claims of $7 billion tax losses were described as 'the largest tax fraud in history'.
