2 ex-Ernst & Young partners sentenced to prison
(AP) — Two ex-partners of the accounting firm Ernst & Young each have been sentenced in New York to more than 1 1/2 years in prison, the second set of former partners of the firm to be sentenced in as many days.
Richard Shapiro and Brian Vaughn were sentenced Friday in federal court in Manhattan. Shapiro was sent to prison for two years and four months while Vaughn received a 1-year-and-8-months prison term.
They were among four defendants convicted last May of conspiracy in the design, marketing and implementation of tax shelters sold by Ernst & Young. Two others were sentenced Thursday.
The government said the tax shelters generated billions of dollars in paper tax losses that were used to offset actual income.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
Sarra Sounds Off, Season 3, Ep 4: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Nassau Conference II football matchup between Calhoun at Carey, plus the comeback story of New Hyde Park's Gabriel Peter, an update on the high school fantasy football standings and the plays of the week.
