2 Lawyers Convicted in Federal Tax Fraud Conspiracy Case
A Chicago lawyer was convicted of conspiracy to commit tax fraud and tax evasion this week by a federal jury in New York.
The case against attorney John Ohle III concerned tax shelters the Manhattan U.S. Attorney’s office said he sold to clients of Bank One, both during and after his employment there from 1999 to 2002, reports the Chicago Tribune.
The Wilmette, Ill., resident, who is now 42, also failed to report about $6.5 million in income he earned in 2001 and 2002, which resulted in his conviction Wednesday on two counts of tax evasion, the article states.
Ohle faces up to five years for each of the three crimes when he is sentenced, and prosecutors say they are also seeking his seven-figure sports memorabilia collection.
Attorney William Bradley of Hammond, La., was convicted Wednesday of conspiracy to commit wire and tax fraud in the same tax shelter case, reports 2theadvocate.com.
Both attorneys are scheduled to be sentenced in September.
