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It takes a thief

April 01, 2010

A tax lawyer involved in setting up flaky tax shelters was sentenced to three years probation - a light sentence under the circumstances. Tax Crime defense attorney Jack Townsend comments:

In justification of the light sentence, the Judge Stein cited Cinquegrani's cooperation with the Government, including explaining the PICO shelter to investigators. Got that concept -- if you are going to cheat, do it in a complex way so that, if you are caught, you can help the Government and mitigate the sentence.

Well, it worked this time anyway.