(Bloomberg) Two former Ernst & Young LLP tax attorneys, Richard Shapiro and Martin Nissenbaum, won reversal of their convictions for developing illegal tax shelters sold by the accounting firm from 1999 to 2001.
A three-judge panel of the U.S. Court of Appeals in New York ruled 2-1 that the convictions weren’t supported by sufficient evidence. The court also affirmed guilty verdicts Thursday against former Ernst & Young tax lawyer Robert Coplan and a former accountant at the firm, Brian Vaughn. The four were convicted after a 10-week trial in 2010.
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