The New York Times reports:
Four current and former partners of the Ernst & Young accounting firm were found guilty Thursday of fraud involving tax shelters that helped wealthy people evade income taxes.
Federal prosecutors charged the four in May 2007, contending that from 1998 to 2006 they defrauded the I.R.S. by creating, marketing, using and defending tax shelters.
The shelters were meant to help people with taxable incomes of more than $10 million avoid or reduce income taxes, according to the indictment.
The jury in United States District Court in Manhattan returned the verdict of guilty on all counts after a two-month trial.
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