Calling him “the most prolific, pernicious and utterly unrepentant tax cheat in United States history,” prosecutors called for a lengthy sentence for former Jenkens & Gilchrist Chicago head Paul Daugerdas – and they got it. Last June, Daugerdas was sentenced to 15 years in prison for his role in a multi-billion tax fraud scheme. It…
Of all of the stories that I’ve ever covered over the years, by far the one I’ve received the most questions about after the fact was this one: Whatever happened to Paul Daugerdas? I’ve been following the story since 2006 after allegations surfaced that Jenkens Gilchrist might have been involved in offering up some not-so-questionable…
Earlier this week, U.S. District Judge William H. Pauley III ordered a new trial for Paul M. Daugerdas, Donna M. Guerin, Denis M. Field after finding that a juror had tainted what had been referred to as the “biggest tax fraud prosecution ever.” The trial took three months and included 9,200 pages of testimony from…
(Update: I have more details about the juror and the request for the mistrial… be sure and check back on Wednesday for the scoop.) Remember the big deal which was the alleged misconduct that eventually resulted in the disappearance of Jenkens Gilchrist? We could see the writing on the walls when Jenkens agreed to pay…
I know, I know. This doesn’t even feel like news. We’ve seen it coming for a while now, ever since Jenkens & Gilchrist made an announcement on its web site in 2007. At the time of the closing, Jenkens agreed to pay a civil penalty of $76 million and cooperate with the IRS and the…
Jay Gordon, the former chair of the tax practice at Greenberg Traurig, has pleaded guilty to two counts of obstructing the due administration of the internal revenue laws, and conspiracy to defraud the IRS and to violate the tax laws. Gordon revealed his “misconduct” to Greenberg in 2004 and resigned from the bar two years…
Apparently, their mothers aren’t the only ones who still love Jenkens & Gilchrist lawyers… The Virginia-based law firm of Hunton & Williams does. A lot. As previously reported, Jenkens found itself under fire amid questions linked to its tax-shelter practice. The firm eventually agreed that it would be subject to a substantial penalty (though as many of…
I had already reported that Jenkens Gilchrist was suffering as a result of its involvement in several tax scandals out of the Chicago area. Attorneys were leaving, offices were closing, but somehow, you still got the feeling that Jenkens was going to pull it out and be the Cinderella story of our legal March Madness…
There’s big news out of Jenkens & Gilchrist and it sounds like something out of Star Trek: they’re breaking up. You see, Jenkens’ image has taken a hit as of late. And it’s not just from this little gem of a recruiting video released last year which was widely criticized (and yes, of course, including…