Tax Law
Former Miller Canfield Partner Indicted in Tax Shelter Case
Posted Mar 7, 2008, 01:29 pm CDT
By Martha Neil
A former partner of one of Michigan's largest law firms has been indicted by a federal grand jury along with five other men on tax charges.
John A. "Jac" Campbell, 63, who was working at Miller Canfield, Paddock and Stone at least as recently as late 2006, was charged with one count of conspiracy to defraud the United States, according to the Kalamazoo Gazette.
The tax lawyer is accused of having conspired with four tax-shelter promoters, beginning in 1995 and continuing for the next decade, to sell to wealthy clients what the newspaper describes as "fraudulent loss-of-income insurance policies," generating $12 million in premiums. The policies allegedly provided fraudulent tax deductions for wealthy clients, as most of the premiums were returned to the clients. A sixth defendant is a business owner accused of participating in the scheme. He reportedly has agreed to an unspecified plea bargain.
Campbell is the former managing partner of the 400-lawyer firm's Kalamazoo office, according to a firm announcement and another press release concerning a planned new Miller Canfield office building there.
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