Former attorney and CPA Paul M. Daugerdas, 63, has been sentenced to 15 years in prison for orchestrating a massive scheme in which he and co-conspirators hawked fake tax shelters for wealthy individuals to evade more than $1.6 billion in federal taxes.
Last October, he was convicted following a seven-week jury trial presided over by U.S. District Judge William H. Pauley III, who imposed Wednesday’s sentence in a Manhattan federal court. Daugerdas was convicted of conspiring to defraud the IRS, to evade taxes, and to commit mail and wire fraud, and of corruptly endeavoring to obstruct and impede the internal revenue laws. He was also convicted on four counts of tax evasion and of mail fraud.
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