Former Arnold & Porter partner Cinquegrani admits tax fraud shelter

Peter Cinquegrani, a former partner in the U.S. law firm Arnold & Porter, pleaded guilty on Thursday to conspiring to commit tax fraud and tax evasion on behalf of wealthy clients. Cinquegrani admitted in U.S. District Court in Manhattan that from 1998 to 2001 he and others developed a tax shelter and created a legal opinion they would use to support it. He also admitted that in 2003 he lied under oath to the U.S. Internal Revenue Service when he was asked about the tax shelter.

Former Arnold & Porter partner Cinquegrani admits tax fraud shelter reuters.com Fri, Sep 12, 2008