Tax-Shelter Lawyers Acted in Bad Faith, Prosecutor Argues

The former head of the Chicago office of the defunct law firm Jenkens & Gilchrist and others accused of marketing phony tax shelters acted in “bad faith” by providing letters saying the investments would probably survive tax authorities’ challenges, a prosecutor told jurors.Paul Daugerdas and four co-defendants “cannot possibly claim that they were acting in good faith” with the letters, which