Former Arnold & Porter tax partner Peter Cinquegrani pleaded guilty Thursday to conspiracy to commit tax fraud, aiding and abetting tax evasion, and aiding in the submission of false and fraudulent documents to the IRS. The charges were levied following an investigation into the marketing of shelters for high-income individuals by Ernst & Young. The IRS says it has reached a settlement with Arnold & Porter, which will pay an undisclosed civil tax shelter promoter penalty.
Former Partner Pleads Guilty to Tax Shelter Fraud
New York Law Journal
September 12, 2008