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Chicago Lawyer Pleads Guilty in Tax-Shelter Fraud

A Chicago attorney pleaded guilty to conspiracy and tax evasion charges for his role in a billion-dollar phony tax-shelter scheme that brought down his law firm in 2007.

Erwin Mayer, 47, a former attorney at the defunct law firm Jenkens & Gilchrist, faces as long as 10 years in prison at his sentencing, scheduled for Feb. 10 before U.S. District Judge William H. Pauley in Manhattan.