Deutsche Bank AG
Practice Area: Securities FraudCohen Milstein Sellers & Toll PLLC represented plaintiffs in a lawsuit which sought damages on behalf of individuals victimized by fraudulent tax schemes. The suit, which was against Deutsche Bank AG, Bayerische Hypo Und Vereinsbank (HVB), Presidio Advisors LLC and certain related entities alleged that the defendants conspired with others, including the KPMG accounting firm, to sell what they falsely described as legitimate tax reduction strategies.
However, these were not legitimate tax reduction strategies, but were the illegal products of a fraudulent scheme designed only to enrich the conspirators. As a result, individuals who purchased the tax products owed millions of dollars in back taxes, penalties and legal fees.