Dallas tax lawyer Joseph Garza charged in alleged billion-dollar scheme - Dallas Business Journal

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Federal prosecutors announced that they arrested Joseph Garza of the Garza Legal Group for helping “mainly high-net-worth business owners use tax shelters to create a circular flow of funds to illegally reduce paying taxes.”

By Mark Curriden – The Texas LawbookA Dallas tax lawyer who “exploited his position as an attorney” and promoted illegal tax shelters for wealthy Texas clients for several years has been charged with 41 counts of tax and wire fraud.

The 14-page indictment, handed down by a federal grand jury on Oct. 18 but kept under seal until Oct. 25, accuses Garza of advising “wealthy clients on how to shelter large amounts of otherwise taxable income through participation in an illegal tax shelter” and creating “a shell investment company that purported to serve as a family investment vehicle.”

“Garza and others unlawfully and unjustly enriched themselves through fees and other compensation earned by promoting the shelter, preparing false tax returns and by providing advice and assistance to clients who participated in the shelter,” the indictment states.

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