Bloomberg News

Chicago Lawyer Agrees With U.S. to Stop Touting Tax Shelters

October 04, 2011

(Updates with U.S. comment in third paragraph.)

Oct. 4 (Bloomberg) -- A Chicago tax attorney consented to a court order barring him from promoting tax shelters that the U.S. claimed were phony.

John E. Rogers agreed to the entry of orders against him and two businesses, Sugarloaf Fund LLC and Jetstream Business Ltd., without admitting to allegations made in a federal complaint filed last year in federal court in Chicago.

The U.S. Justice Department accused Rogers of using distressed Brazilian debt to improperly reduce his customers’ reported income, leading to more than $370 million in deductions. U.S. District Judge Samuel Der Yeghiayan signed the orders on Sept. 30.

“The Justice Department is committed to exposing and shutting down fraudulent tax shelters and their promoters,” D. Patrick Mullarkey, acting assistant U.S. attorney general in the Justice Department’s tax division, said today in a statement announcing the ban on Rogers and his businesses.

Rogers, reached by phone at his Chicago law office, declined to comment on the court orders. He was formerly affiliated with the law firm Seyfarth Shaw LLP.

The case is U.S. v. Rogers, 10-cv-07068, U.S. District Court, Northern District of Illinois (Chicago).

--Editors: Stephen Farr, Andrew Dunn

To contact the reporter on this story: Andrew Harris in Chicago at

To contact the editor responsible for this story: Michael Hytha at

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