American Lawyer: How Vulnerable Are Lawyers?
New York partner John Moscow was quoted in the article, "How Vulnerable Are Lawyers?," which appeared on The American Lawyer's "Am Law Daily" website on August 21, 2009.
According to the article, in light of federal prosecutors indicting a Swiss banking executive and a private Swiss lawyer on charges that they helped four American citizens evade taxes, there is a likelihood of U.S. authorities prosecuting third parties who helped Americans evade taxes.
It's too early to say whether we will see more prosecutions of lawyers who helped engineer tax shelters, said Moscow, who spent 30 years at the New York County DA's office investigating fraud and white-collar crime. But there are "a couple thousand people in the world who run this industry, and if they were to be prosecuted, tax collections would rise without an increase in tax rates," he said.