Prosecutors are looking into Deutsche Bank's role in providing a lesser-known questionably tax shelter sold through a Silicon Valley firm, according to published reports.

The criminal investigation of Deutsche Bank covers several types of shelters, but has been focused on a scheme known as Cards in recent months. The shelter, which prosecutors say generated improper tax losses, was sold through a California investment firm formerly known at MyCFO.com and founded in the late 1990s by Netscape Communications founder James H. Clark.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access