Chicago lawyer barred from selling allegedly sham tax shelters

View Latest Cook County Probate Court
Corruption and Fraud Videos at this blog site:
http://northshorelive.blogspot.com/

Coming soon: Corruption in Lake County IL


chicagotribune.com


Chicago lawyer barred from selling allegedly sham tax shelters

By Ameet Sachdev
Tribune reporter
10:49 AM CDT, October 4, 2011

John E. Rogers, a Chicago tax lawyer, has agreed to stop peddling allegedly sham tax shelters involving junk foreign debt, the Department of Justice said Tuesday.

Rogers, a Harvard-trained lawyer, settled a lawsuit the Justice Dept. brought against him last year that alleged he had led more than 100 taxpayers to improperly claim $370 million in bogus losses from what the government calls distressed Brazilian debt

Rogers settled the allegations without admitting wrongdoing, court papers said. The agreement also requires him to turn over the names of everyone he has sold a distressed asset shelter to since 2003.

Rogers declined further comment.

Rogers was a partner at Chicago law firm Altheimer & Gray from 1998 to 2003, when the firm went bankrupt. He joined Seyfarth Shaw and stayed until 2008, when he opened his own firm. the government said.

The Internal Revenue Service began investigating Rogers in 2004, court papers said. Seyfarth partners forced him to resign after finding out he continued to sell shelters even though he had agreed to stop doing so, the government said.

asachdev@tribune.com

Please read complete article at link below:


http://www.chicagotribune.com/business/breaking/chi-chicago-lawyer-barred-from-selling-allegedly-sham-tax-shelters-20111004,0,5381564.story

Editor's note: Normally, your ProbateShark is a calm, cool and collected kind of fish. This article unhinged this shark!  FEDs, in the Chicago Federal Building, please tell me that you are NOT going let this guy walk?  You are NOT going to let 100 poor dumb saps who were greedy and stupid enough to follow this slimebag's advise get fines and penalties up the kazoo...and let him get away with it?  No wonder the criminals in the Probate Court of Cook County laugh at this "punishment" doled out by our Federal Government.  Lucius Verenus, Schoolmaster, ProbateSharks.com...Angry!!!!...and...disappointed!!!!