Tuesday, March 21, 2023 | Back issues
Courthouse News Service Courthouse News Service

$100 Million Tax Dodge Alleged

MANHATTAN (CN) - Federal prosecutors say an attorney at a national bank conspired with lawyers at Jenkens & Gilchrist to create $430 million in fraudulent tax losses, helping clients evade $100 million in taxes. John B. Ohle III called the scam a "Hedge Option Monetization of Economic Remainder," or HOMER, prosecutors say.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.