22 October 2010
A lawyer in Winnetka has pleaded guilty on charges of conspiracy and tax evasion for helping wealthy clients set up tax shelters that allowed them to fraudulently claim almost $7 billion in tax losses, Winnetka Talk reports. Erwin Mayer has admitted to the New York court that he helped design, market, implement and defend fraudulent shelters while we was a partner at Altheimer & Gray in Chicago from 1994 to 1998 and was part of Jenkins & Gilchrist in Texas from 1996 to 2004 . He reportedly built tax shelters that enabled high net worth clients to eliminate and reduce taxes on significant incomes or gains.
News and Features
Comment and Analysis
The rising level of financial sector regulation means that fewer firms will be able to offer the full suite of wealth management products, according to the RBC/Capgemini World Wealth Report.
19 June 2013
Here Diane Harrison, principal and owner of Panegyric Marketing, argues that the debate over fees in the hedge fund industry often focuses on the wrong topics.
20 March 2013
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
4 April 2013
The period between 2008 and 2012 saw an uptick in risk reviewing business at New Yorkís Rothstein Kass Family Offices Group, says partner Evan Jehle.
9 April 2013
Building functionality into a familyís business affairs involves defining each personís role but itís never easy to think differently about family members who were children at the dinner table, but are now adults around the board table.
8 April 2013
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
25 March 2013