January 21, 2011
A former Ernst & Young executive was disbarred by the New York Appellate Division for the First Judicial Department as a result of a criminal conviction. The court describes the offenses:
The charges arose out of a scheme by respondent, other attorneys and an accountant, in which they defrauded the Internal Revenue Service by designing and marketing tax shelters used by wealthy individuals to defer, reduce or eliminate tax liabilities on annual income that generally exceeded $10 or $20 million. On January 22, 2010, respondent was sentenced to a prison term of twenty-eight (28) months, two years of supervised release and fined $100,000.
Details here from Bloomberg Business Week. (Mike Frisch)
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