Senior partner from Thomson Hine's white collar crime practice is charged with tax fraud

The senior partner in Thompson Hine's competition, antitrust, and white collar crime practice group has been charged with tax fraud in an Ohio federal court. Leslie Jacobs, who was formerly the president of the Ohio State Bar Association, is charged with underreporting his income by over $250,000 between 2004 and 2007. Jacobs said that he is cooperating with federal investigators and that the matter is "a terrible embarrassment and regrettable." Court filings claim that Jacobs inflated his business expenses in tax returns filed between 2004 and 2007, fudging the figures by between $25,000 and $94,000 per year in an effort to lower his taxable income. Prosecutors said Jacobs's income in each of those years should have ranged from $633,303 to $759,973. In a statement on Jacobs's arrest, Thompson Hine pointed out: "The information that was filed was related to Mr. Jacobs's personal tax returns. It had nothing to do with his work at the firm. The firm was not involved in giving him advice or in preparing his personal tax returns, and we have no further information."

Senior partner from Thomson Hine's white collar crime practice is charged with tax fraud amlawdaily.typepad.com Tue, Oct 18, 2011