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Attorney Robert Jacobs, a former tax partner at Philadelphia's Wolf, Block, Schorr and Solis-Cohen, pleaded guilty Monday to charges of conspiring with two former clients to create a fake tax shelter that was used to deduct more than $15 million in partnership losses. Jacobs's guilty plea could land him in prison for up to 16 months, though the U.S. Attorney's Office has promised not to demand that he be sent to prison.
May 07, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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