DOJ-OGR-00009529.jpg
672 KB
Extraction Summary
2
People
11
Organizations
1
Locations
6
Events
1
Relationships
0
Quotes
Document Information
Type:
Legal document
File Size:
672 KB
Summary
This legal document, filed on March 18, 2013, details the background and alleged criminal conduct of a defendant named Parse. It outlines his education at the University of Michigan and his extensive career 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 participation in a fraudulent tax shelter scheme where he advised shareholders of the Calphalon cookware company, including the Kasperzak family, on the disposition of stock from a sale.
People (2)
| Name | Role | Context |
|---|---|---|
| Parse | Defendant, licensed stockbroker, investment adviser, investment representative |
The subject of the document, whose educational background, work history, and offense conduct are being described.
|
| Kasperzak family | Owners of Calphalon cookware company |
Mentioned as shareholders of Calphalon whom Parse advised in a fraudulent tax shelter.
|
Organizations (11)
| Name | Type | Context |
|---|---|---|
| University of Michigan | university |
The university where Parse obtained his bachelor's and Master's degrees.
|
| Goldman Sachs | company |
One of the firms where Parse worked as an investment adviser from 1988 to 1995.
|
| Kidder Peabody | company |
One of the firms where Parse worked as an investment adviser from 1988 to 1995.
|
| Credit Suisse First Boston | company |
One of the firms where Parse worked as an investment adviser from 1988 to 1995.
|
| Deutsche Bank Alex Brown | company |
The 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 from April 2006 to the present.
|
| Calphalon cookware company | company |
The company whose shareholders Parse advised in a fraudulent tax shelter.
|
| Newell | company |
The company whose stock was acquired by Calphalon shareholders in a stock swap.
|
| Probation Department | government agency |
The source of the Presentence Report ("PSR") which is referenced for facts.
|
| Government | government agency |
Mentioned as having produced documents and conducted interviews of witnesses.
|
| Court | government entity |
Mentioned as being familiar with the defendant's criminal conduct.
|
Timeline (6 events)
Parse participated in the Fraudulent Kasperzak/Calphalon Tax Shelter by advising shareholders on the disposition of Newell stock.
Locations (1)
| Location | Context |
|---|---|
|
Location of the Deutsche Bank Alex Brown office where Parse was employed.
|
Relationships (1)
Parse acted as an adviser to the shareholders of the Calphalon cookware company (including the Kasperzak family and key employees) regarding a fraudulent tax shelter.
Full Extracted Text
Complete text extracted from the document (2,029 characters)
Case 1:20-cr-00330-PAE Document 616-3 Filed 02/24/22 Page 110 of 117
A-6078
Case 1:09-cr-00581-WHP Document 605 Filed 03/18/13 Page 5 of 41
A-6078
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-00009529
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