Curtis Mallet-Prevost Forum
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Anonymous User
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Curtis Mallet-Prevost
Does anyone know anything about this firm beyond the standard vault info?
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Anonymous User
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Re: Curtis Mallet-Prevost
All I know about CM is that it participated in selling a tax shelter in the late nineties and early part of this decade. --LinkRemoved--
Page 41:
In addition to its inherent lack of potential
profitability, the spread transaction was developed as a
tax avoidance mechanism and not an investment strategy.
The transaction was devised and marketed by a tax
accounting group, BDO Seidman's "Tax Sells" Division,
a/k/a the Wolf Pack. Although BDO Seidman witnesses
claim that Bergmann brought them the idea for the spread
transaction, these witnesses acknowledged that BDO
Seidman investigated the tax ramifications of the spread
transaction, added the spread transaction to its Tax
Product Sales Manual, prepared a marketing letter
describing the tax benefits of the spread transaction,
joined forces with Curtis Mallet and sold the spread
transaction concept to clients as a tax product, while
leaving the execution of the transactions to
Sentinel.
According to the court, this shelter was "remarkably similar to" and "objectively no different from" one of a series of tax shelters that caused the demise of Jenkens & Gilchrist (--LinkRemoved--).
Page 41:
In addition to its inherent lack of potential
profitability, the spread transaction was developed as a
tax avoidance mechanism and not an investment strategy.
The transaction was devised and marketed by a tax
accounting group, BDO Seidman's "Tax Sells" Division,
a/k/a the Wolf Pack. Although BDO Seidman witnesses
claim that Bergmann brought them the idea for the spread
transaction, these witnesses acknowledged that BDO
Seidman investigated the tax ramifications of the spread
transaction, added the spread transaction to its Tax
Product Sales Manual, prepared a marketing letter
describing the tax benefits of the spread transaction,
joined forces with Curtis Mallet and sold the spread
transaction concept to clients as a tax product, while
leaving the execution of the transactions to
Sentinel.
According to the court, this shelter was "remarkably similar to" and "objectively no different from" one of a series of tax shelters that caused the demise of Jenkens & Gilchrist (--LinkRemoved--).
Last edited by Anonymous User on Sun Oct 04, 2009 6:21 pm, edited 1 time in total.
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Anonymous User
- Posts: 432496
- Joined: Tue Aug 11, 2009 9:32 am
Re: Curtis Mallet-Prevost
they seem to do lots of international work, and value foreign language skills. i liked their firm, but unfortunately the affinity wasn't reciprocated.
