Chicago (April 12, 2004) -- The Internal Revenue Service has begun the arrests of eight people, including two Chicago area CPAs, in connection with a tax fraud that it says cost the government at least $68 million.

The IRS alleges that six defendants participated in a nearly decade-long conspiracy to market and sell sham domestic and foreign trusts to some 650 wealthy taxpayers through the Palos Hills, Ill.-based Aegis Co.

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