Difference between revisions of "Burton Kanter"

From Wikispooks
Jump to navigation Jump to search
(Unstub)
(desc)
Line 1: Line 1:
 
{{person
 
{{person
|WP=
+
|description="One of Chicago's most prominent-and controversial-tax attorneys
 
|prabook=http://prabook.com/web/person-view.html?profileId=1176489
 
|prabook=http://prabook.com/web/person-view.html?profileId=1176489
 
|birth_date=12 August 1930
 
|birth_date=12 August 1930

Revision as of 16:22, 22 November 2021

Person.png Burton Kanter PrabookRdf-entity.pngRdf-icon.png
(lawyer)
Born12 August 1930
Jersey City, New Jersey, USA
DiedOctober 31, 2001 (Age 71)
Cause of death
cancer
Alma materUniversity of Chicago
Founder ofCastle Bank & Trust
"One of Chicago's most prominent-and controversial-tax attorneys

Burton W. Kanter was "one of Chicago's most prominent-and controversial-tax attorneys".[1] He was a tax attorney, who handled a lot of rich people's money.[2]

Background

Kanter got a law degree at the University of Chicago (Bachelor of Arts, 1951. Juris Doctor, 1952). He was a Teaching Associate in Indiana University Law School frpm 1952-1954. He joined the staff of the University of Chicago Law School in 1985. He was an Attorney-Advisor of the Tax Court of the United States from 1954-1956.

Career

Kanter was a senior editor of the Journal of Taxation.

Lagal cases

He was acquitted in 1977 of a criminal conspiracy to avoid taxes on the profits from the $9.1-million sale of a Nevada apartment building, in connection with the Castle Bank & Trust. His law partner at the time, Roger Baskes was sentenced to two years in prison for the same charge.[1]

Kanter was due to be tried in U.S. Tax Court in Chicago in 1994 "to defend almost 10 years worth of transactions, with more than $10 million in back taxes and penalties at stake."[1]

In December 1999 he was ruled to have been "the architect" of a long-running kickback and tax-evasion scheme which siphoned money from funds managed by the Prudential and Travelers insurance companies. Judge Couvillion wrote in his 606-page decision that "What we have here, purely and simply, is a concerted effort by an experienced tax lawyer and two corporate executives to defeat and evade payment of taxes and to cover up their acts."[3]

Many thanks to our Patrons who cover ~2/3 of our hosting bill. Please join them if you can.


References