Two individuals have been charged with allegedly promoting and selling abusive trust tax shelters to clients across the country.
The Department of Justice announced that a federal grand jury in Denver returned an indictment charging Timothy McPhee of Estes Park, Colorado, and Larry Conner of Frisco, Texas, with conspiring to defraud the United States and with assisting in the preparation of false income tax returns. The indictment also charges McPhee and his spouse with evading their personal federal income taxes. An indictment is a formal charge outlining allegations against the defendant—all defendants are presumed innocent until proven guilty in a court of law.
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