United States Second Circuit

In appeal from convictions on charges of conspiracy to defraud the Government, tax evasion, obstruction of the IRS and false statements to the IRS related to defendants' development of "tax shelters" sold by Ernst and Young: 1) the judgments of conviction for Coplan and Vaughn are affirmed; 2) the judgments of conviction of Sharpiro and Nissenbaum are reversed due to insufficient evidence; and 3) the portion of defendant Bolton's sentence imposing a $3 million fine is vacated and the cause is remanded for the sole purpose of reducing the fine to the statutory maximum of $250,000.

Appellate Information

• Decided 11/29/2012
• Published 11/29/2012

Judges

• CABRANES

Court

• United States Second Circuit

Counsel