Interesting article in today’s New York Times: Tax Shelters Under Scrutiny at Seattle Hedge Fund Firm, by Lynnley Browning:
A Seattle hedge fund firm has come under scrutiny as a result of its work with questionable tax shelters. Last week, for the second time in three years, a Senate subcommittee described the firm, the Quellos Group, as a maker and seller of abusive tax shelters, focusing on a high-end shelter that helped five wealthy clients shield $2 billion in taxes.
