Today, several sources close to the case say they are waiting to see if the Justice Department indicts two other private lawyers: Paul Daugerdas, a former partner at the defunct Jenkens & Gilchrist who brought in hundreds of millions of dollars in fees by approving bogus shelters, and R. Brent Clifton, a current Locke, Lord, Bissell & Liddell partner who got the firm involved in the Ernst tax shelter business in 1999.
Jenkens paid the IRS $76 million to avoid criminal penalties linked to Daugerdas’s tax shelters, but Daugerdas himself has never been indicted. Locke is known to be one of four unnamed firms cited in the Justice indictment of six Ernst employees, and Clifton is mentioned throughout deposition transcripts in a civil suit taxpayers filed against Locke in 2004.
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