A former E&Y employee has pleaded guilty to a count of conspiracy to
commit tax fraud.
Belle Six, of Dallas, Texas, was part of an E&Y group formed in 1998 to
implement tax shelters for wealthy clients.
Six participated in a group scheme which set out to deceive tax authorities
about the bona fides of their tax shelters and the circumstances surrounding the
marketing of shelters to E&Y’s clients, InvestmentNews reported.
appearance, Six acknowledged that she and others deliberately concealed
information from the IRS and submitted fraudulent documentation to the tax
She also admitted that she and her co-workers under the scheme took steps to
disguise the transactions.
Six faces a five-year prison sentence.
As part of her plea-agreement with government, she has agreed to forfeit more
than $13m representing her compensation for her tax shelter work.
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