MANHATTAN (CN) - A former attorney from Dallas on Wednesday was sentenced to 15 years in federal prison for what prosecutors called the largest criminal tax scheme in history.
Paul Daugerdas, an attorney with the now-defunct law firm Jenkins & Gilchrist, was found guilty of seven counts, including conspiracy and tax evasion, by a jury in November. On Wednesday, he received his sentence from U.S. District Judge William Pauley.
Prosecutors said Daugerdas created bogus tax shelters between 1994 and 2004 for about 1,000 wealthy clients. His bogus losses cost the U.S. Treasury $92 million, the federal government claimed.
Jurors found Daugerdas, Denis Field, Donna Guerin and David Parse, a former Deutsche Bank broker, guilty in May 2011.
But Pauley dismissed those convictions after it was discovered that a juror lied about the fact that was she was an attorney and an alcoholic.
Pauley let Parse's conviction stand, and sentenced him to nearly 4 years in prison. He sentenced Guerin to 8 years in prison in March 2013 and ordered her to pay $190 million after she pleaded guilty.
Jenkins & Gilchrist closed in 2007 after admitting that it created tax shelters to generate more than $1 billion in bogus losses. It avoided prosecution in the case.
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