A former BDO Seidman vice-chairman has
pleaded guilty to conspiring to defraud the US government through
tax shelter transactions involving clients of the accounting firm
and law firm Jenkens & Gilchrist.

Between 1995 and 2000, Adrian Dicker was a
partner of BDO Seidman working in the tax solutions group (TSG) and
from 1999 until 2000 he was on the firm’s board of directors. He
also served as a retired partner director for the firm until

In total, the fraudulent tax shelter
transactions implemented by Dicker, his accounting firm, the law
firm Jenkens & Gilchrist, and the financial institution that
assisted them, led clients to report more than $1 billion in false
and fraudulent tax losses.

This resulted in the evasion of more than $200
million of taxes due to the Internal Revenue Service. If found
guilty, UK-born Dicker faces a maximum of 10 years prison.

BDO Seidman told the International
Accounting Bulletin
the tax solutions group was dissolved
several years ago and BDO has cooperated fully with the

Dicker is scheduled to be sentenced on 11
December 2009.