A Greenwich, Conn., investment banker was convicted on charges of evading millions of dollars of taxes, according to the U.S. Attorney for the Southern District of New York.A jury found Richard Josephberg guilty on a total of 21 charges, including three counts of tax evasion, four counts of failure to file tax returns, five counts of failure to pay taxes, two counts of subscribing to false tax returns, and single counts of conspiracy to defraud, health care fraud and obstructing the due administration of the Internal Revenue Service.
Josephberg, 59, a former securities analyst at Goldman Sachs, was a founding partner of the Cralin Group, a company that promoted various tax shelter transactions between 1977 and 1985. According to court documents, those shelter transactions resulted in more than $100 million of bogus losses.
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