DOJ-OGR-00010208.jpg
676 KB
Extraction Summary
2
People
10
Organizations
1
Locations
3
Events
1
Relationships
0
Quotes
Document Information
Type:
Legal document
File Size:
676 KB
Summary
This legal document, filed on March 18, 2013, outlines the background and alleged criminal conduct of a defendant named Parse. It details his educational history at the University of Michigan and his extensive work experience as an investment adviser at firms including Goldman Sachs, Deutsche Bank Alex Brown, and his own company, Union Capital LLC. The document introduces Parse's alleged involvement in a fraudulent tax shelter scheme, where he advised shareholders of the Calphalon cookware company on the disposition of stock acquired from a sale.
People (2)
| Name | Role | Context |
|---|---|---|
| Parse | Defendant, licensed stockbroker, investment adviser, investment representative |
The main subject of the document, whose educational background, work history, and offense conduct are being described.
|
| Kasperzak family | Owners of Calphalon cookware company |
Mentioned as primary shareholders of the Calphalon cookware company who were advised by Parse.
|
Organizations (10)
| Name | Type | Context |
|---|---|---|
| University of Michigan | university |
The university where Parse obtained his bachelor's and Master's degrees.
|
| Goldman Sachs | company |
A firm where Parse worked as an investment adviser from 1988 to 1995.
|
| Kidder Peabody | company |
A firm where Parse worked as an investment adviser from 1988 to 1995.
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| Credit Suisse First Boston | company |
A firm where Parse worked as an investment adviser from 1988 to 1995.
|
| Deutsche Bank Alex Brown | company |
A firm where Parse was employed as an investment representative from 1995 through April 2006.
|
| Union Capital LLC | company |
Parse's own financial consulting firm, where he has been self-employed since April 2006.
|
| Calphalon cookware company | company |
A company whose shareholders Parse assisted in advising regarding a fraudulent tax shelter.
|
| Newell | company |
A company whose stock was acquired by Calphalon shareholders in a stock swap.
|
| Probation Department | government agency |
The source of the Presentence Report (“PSR”) cited in the document.
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| Government | government agency |
Mentioned in a footnote as having produced documents and conducted interviews.
|
Timeline (3 events)
Parse's participation in advising shareholders of the Calphalon cookware company in a fraudulent tax shelter scheme related to the sale of their company and acquisition of Newell stock.
Locations (1)
| Location | Context |
|---|---|
|
The location of the Deutsche Bank Alex Brown office where Parse worked.
|
Relationships (1)
Parse assisted in advising the shareholders (primarily members of the Kasperzak family and key employees) on the disposition of their shares.
Full Extracted Text
Complete text extracted from the document (1,953 characters)
Case 1:09-cr-00581-WHP Document 605 Filed 03/18/13 Page 5 of 41
I. RELEVANT FACTS¹
A. Defendant’s Educational Background and Work History
Parse obtained his bachelor’s degree in business administration from the University of Michigan in 1984 and his Master’s degree in business administration from the same school in 1988. PSR ¶¶ 89-90. Parse also was a licensed stockbroker and investment adviser, and passed various securities and investment adviser exams. From 1988 to 1995, Parse acted as an investment adviser at Goldman Sachs, Kidder Peabody, and Credit Suisse First Boston. From 1995 through April 2006, Parse was employed as an investment representative at Deutsche Bank Alex Brown in its Chicago office. From April 2006 to the present, Parse has been self-employed at his company Union Capital LLC, a financial consulting firm, which is currently dormant.
B. The Offense Conduct
The facts concerning Parse’s offense conduct will not be repeated herein at length, as those facts are comprehensively set forth in the trial record and the PSR. Accordingly, we are confident that, as a result of the foregoing and the submissions made by the parties, the Court is thoroughly familiar with the scope and nature of the defendant’s criminal conduct.
Several aspects of that offense conduct bear additional discussion.
1. Parse’s Participation in the Fraudulent Kasperzak/Calphalon Tax Shelter
Parse assisted in advising the shareholders of the Calphalon cookware company (primarily members of the Kasperzak family, owners of the company, and several key employees) on the orderly disposition of their shares of Newell stock acquired in a stock swap as a result of the sale of
¹ The facts described in this section are based on the Probation Department’s Presentence Report (“PSR”), the trial record, documents that the Government has produced to the defendant in discovery, and Government interviews of various witnesses.
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DOJ-OGR-00010208
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