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Friday, March 29, 2024 | Back issues
Courthouse News Service Courthouse News Service

Government Wins Round In Tax Shelter Ruling

NEW ORLEANS (CN) - The 5th Circuit upheld a judgment against several partnerships affiliated with Gary Kornman, an attorney accused of selling tax shelters to wealthy individuals. Through a series of fraudulent transactions, his companies allegedly helped the Ettman Family Trust report a $200,000 short-term capital loss as a $102.6 million loss.

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