US Ernst & Young partners charged with tax fraud
After a grand jury decision yesterday four current and former Ernst & Young (E&Y) partners have been charged by federal prosecutors for conspiracy to commit tax fraud. They are alleged to have disguised illegal tax shelters for top-end clients as profit-generating investments. Rob Lewis reports.
The individuals were named as Robert Coplan (a one-time IRS employee), Martin Nissenbaum, Richard Shapiro and Brian Vaughn. All four had worked for the ominously titled E&Y group VIPER, or Value Ideas Produce Extraordinary Results.