Four Convicted of Tax Evasion and Mail Fraud

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Four prominent people were convicted of mail fraud in connection with a multi-million dollar tax shelter scheme. The four were lawyer Paul M. Daugerdas, 60 of Wilmette, Ill., Donna M. Guertin, 50 of Elmhurst, Ill., another lawyer, Denis M. Field, 53 of Naples, Fla. Former chief executive and chairman of accounting firm BDO Seidman and former head of its national tax practice and David Parse, 49 of Elmhurst, Ill. a former Deutsche Bank broker.

All four were convicted by a jury recently of running a mail tax-shelter scheme that enabled wealthy American taxpayers to avoid taxes. In the 10-week trial, a host of witnesses gave their testimonies on how they could avoid paying taxes through the complex web of investment instruments created by the defendants. The witnesses included the late sports entrepreneur Lamar Hunt, trust fund recipients, inventors, a grandson of the late industrialist Armand Hammer and people who built fortunes in real estate or family businesses. Indeed, like what Nanette Davis, assistant US attorney said in her closing argument in the trial, some of the clients who benefited from the tax shelters were among the “most well-heeled, richest investors in the world.”

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Published In: Criminal Law Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

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