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Tuesday, June 18, 2024 | 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.

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