NY Appeals Court Tosses 2 Convictions In Tax Case

By: Associated Press Email
By: Associated Press Email

NEW YORK (AP) - A New York federal appeals court has reversed the convictions of two former Ernst & Young partners. They were accused of defrauding the United States by selling illegal tax shelters to wealthy individuals.

The 2nd U.S. Circuit Court of Appeals decided Thursday there was insufficient evidence to convict tax attorneys Martin Nissenbaum and Richard Shapiro.

One of three judges dissented, saying the men were part of a tax fraud conspiracy.

The men had been convicted at a 2010 trial.

The court upheld the convictions of another tax attorney and an accountant.

The prosecution stemmed from an investigation begun after Ernst & Young formed a new group in 1998 to design tax shelters. People looking to shelter at least $20 million were the target market.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 181404241