Former Kirkland & Ellis Partner Indicted, Accused of Cheating on Personal Income Tax
Posted Jul 14, 2011 06:38 pm CDT
A former bankruptcy partner at Kirkland & Ellis has been indicted on four counts of income tax fraud.
Theodore Freedman, 63, is accused of underreporting by over $2 million his nearly $5.4 million in total income between 2001 and 2004. He is also accused of claiming over $500,000 in expenses for a sole proprietorship law firm that didn’t exist, reports the New York Law Journal.
U.S. Attorney Preet Bharara of Manhattan said in a written statement that Freedman is “an accomplished and well-compensated attorney” who “abdicated his legal and ethical responsibilities by cheating on his taxes.”
Freedman worked at Kirkland until last October. He is a graduate of Northwestern University School of Law.
The article doesn’t include any comment from Freedman or his lawyer, Robert Cleary of Proskauer Rose.
A spokeswoman for Kirkland & Ellis declined to comment on the case, telling the legal publication that “the federal indictment relates exclusively to Mr. Freedman’s personal conduct.”
A New York Post article provides additional details.
Updated at 2:14 p.m. to link to New York Post article.