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Tax Attorneys and Insurance Agent Convicted in Tax Shelter Scheme

Three individuals, Michael Elliott Kohn, Catherine Elizabeth Chollet, and David Shane Simmons, have been convicted of conspiring to defraud the United States in a tax shelter scheme. The scheme involved the promotion and operation of a fraudulent tax shelter known as the Gain Elimination Plan.According to court documents and evidence presented at trial, the defendants designed the plan to hide clients' income from the IRS by inflating business expenses through fictitious royalties and management fees. These fees were paid to a limited partnership owned by a charity, but. ....

United States , North Carolina , Michael Elliott Kohn , Denaj King , Caryn Finley , Todd Ellinwood , Stuartm Goldberg , Kevin Schneider , Catherine Elizabeth Chollet , David Shane Simmons , Tax Division , Gain Elimination , Deputy Assistant Attorney General Stuart , Western District , Trial Attorneys Kevin Schneider , Legal Newsline , Us Department Of Justice ,

Justice Dept.: Tax Attorneys, Insurance Agent Indicted for Promoting, Selling Fraudulent Tax Shelter

Justice Dept.: Tax Attorneys, Insurance Agent Indicted for Promoting, Selling Fraudulent Tax Shelter
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