Ex-BDO Seidman man pleads guilty to fraud

A former employee of BDO Seidman in the US has entered a guilty plea to
charges of his involvement in a scheme to sell tax shelters that helped affluent
clients avoid paying hundreds of millions of dollars in US taxes, the
Financial Times reported.

Charles Bee was a vice chairmand and board member at BDO Seidman from 2000 to
2003 and headed a Tax Solutions group, which devised tax shelters for clients.

Bee pleaded guilty to conspiracy and perjury in the federal court, and one
count of tax evasion for use of the tax shelter on his own tax paid.

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