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BDO and Deutsche Bank Sued over Tax Shelter

Accounting Today

(Bloomberg) Deutsche Bank AG, BDO Seidman LLP and an ex-BDO Seidman partner were sued over claims they designed a fraudulent tax shelter that caused losses for a former chief operating officer of a Fortune 100 software company. The plaintiff, R.J. Lane, didn’t identify his former employer in the complaint, which was filed Friday in state court in Chicago. The tax shelters described in the lawsuit are similar to those used by Ray J.