(Bloomberg) Former lawyer Paul Daugerdas was convicted in a retrial for what U.S. prosecutors called the biggest criminal tax fraud in history, while former BDO Seidman Chief Executive Officer Denis Field was acquitted.
The mixed verdict was delivered by a jury last Thursday in Manhattan federal court after deliberations that began Oct. 29. The men were charged with running a 10-year scheme that created $7 billion in fraudulent tax deductions and more than $1 billion in phony losses. Prosecutors claimed the scheme cost the U.S. Treasury $92 million.
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