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682 KB
Extraction Summary
7
People
2
Organizations
0
Locations
2
Events
3
Relationships
4
Quotes
Document Information
Type:
Legal filing (court opinion or government memorandum)
File Size:
682 KB
Summary
This document is a page from a legal filing (Case 1:09-cr-00581) filed in 2013, subsequently used as an exhibit in the 2022 Giuffre v. Maxwell case. It details the government's argument against David Parse, an investment broker, regarding his role in illegal backdating of financial transactions for tax shelters involving clients like the Aronoff family and Michael Toporek. The text criticizes Parse for attempting to blame his sales assistant, Carrie Yackee, for executing the illegal trades.
People (7)
| Name | Role | Context |
|---|---|---|
| David Parse | Defendant/Investment Broker |
Accused of facilitating backdated transactions and attempting to blame his assistant.
|
| Carrie Yackee | Sales Assistant |
Parse's assistant, whom he attempted to blame for executing the backdated trades.
|
| Aronoff family members | Clients |
Clients involved in backdated transactions in tax year 2000.
|
| Michael Toporek | Client |
Client involved in backdated transactions in tax year 2001.
|
| Greg Blair | Client |
Client involved in backdated transactions in tax year 2001.
|
| Matthew Coleman | Client |
Client involved in backdated transactions in tax year 2001.
|
| J&G Attorneys | Attorneys |
Lawyers who required Parse's participation to correct mistakes via backdating.
|
Timeline (2 events)
2000
Backdating of financial transactions for Aronoff family members.
N/A
2001
Backdating of financial transactions for Toporek, Blair, and Coleman.
N/A
Relationships (3)
Carrie Yackee is identified as his sales assistant; Parse attempts to blame her for trades.
J&G attorneys relied on Parse's agreement to correct mistakes via backdating.
Parse handled backdated transactions for them in tax year 2000.
Key Quotes (4)
"Parse was the key to the success of the backdated transactions — without his agreement and participation, the J&G attorneys were powerless to correct the mistakes"Source
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Quote #1
"This statement is not only a shameless attempt by Parse to throw his subordinate under the bus, but also a testament as to just how perverted these tax shelters were"Source
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Quote #2
"showing that he fully understood the nature of the backdating"Source
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Quote #3
"He gave no investment advice, and the trades were executed by his assistant."Source
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Quote #4
Full Extracted Text
Complete text extracted from the document (2,182 characters)
Case 1:20-cv-00330-AJN Document 616-3 Filed 02/04/22 Page 143 of 117
A-6081
Case 1:09-cr-00581-WHP Document 605 Filed 03/18/13 Page 8 of 41
A-6081
Case 1:09-cr-00581-WHP Document 605 Filed 03/18/13 Page 8 of 41
the amount or nature of the tax loss.
The facts concerning all of the backdating will not be repeated at length herein. It is useful
to note, however, the following facts as they relate to Parse: (i) Parse was the key to the success of
the backdated transactions — without his agreement and participation, the J&G attorneys were
powerless to correct the mistakes; (ii) the corrections needed for the Aronoff transactions are
reflected in David Parse’s own handwriting on GX 401-99 (reflecting the original transaction) and
GX 401-100 (reflecting the revised transaction), showing that he fully understood the nature of the
backdating; (iii) the correction of the transactions required a complex series of steps, including
reversals of transfers of assets between accounts, reversals of already-completed stock and foreign
currency transactions, and execution of new “as of” foreign currency and stock trades; and (iv) the
backdating occurred with not just one client, but several and occurred in two different tax years —
tax year 2000 for the Aronoff family members, and tax year 2001 for Michael Toporek, Greg Blair,
and Matthew Coleman.
to note, however, the following facts as they relate to Parse: (i) Parse was the key to the success of
the backdated transactions — without his agreement and participation, the J&G attorneys were
powerless to correct the mistakes; (ii) the corrections needed for the Aronoff transactions are
reflected in David Parse’s own handwriting on GX 401-99 (reflecting the original transaction) and
GX 401-100 (reflecting the revised transaction), showing that he fully understood the nature of the
backdating; (iii) the correction of the transactions required a complex series of steps, including
reversals of transfers of assets between accounts, reversals of already-completed stock and foreign
currency transactions, and execution of new “as of” foreign currency and stock trades; and (iv) the
backdating occurred with not just one client, but several and occurred in two different tax years —
tax year 2000 for the Aronoff family members, and tax year 2001 for Michael Toporek, Greg Blair,
and Matthew Coleman.
In his sentencing memorandum, Parse attempts to excuse the backdating by claiming, “He
gave no investment advice, and the trades were executed by his assistant.” (Parse Sent. Mem. at 12).
This statement is not only a shameless attempt by Parse to throw his subordinate under the bus, but
also a testament as to just how perverted these tax shelters were that the investment broker, who
otherwise touts his treatment of his long-time clients, (id. at 4 “As a broker, David had 30 to 40 long-
term customers, and his goal was to assist them to invest their money wisely.”), now attempts to
make much of the fact that he was not giving investment advice to the backdating clients (or, as the
evidence showed, to any of the other tax shelter clients). As to Parse’s suggestion that the
backdating transactions were done not by Parse, but by Carrie Yackee, his sales assistant (Parse
gave no investment advice, and the trades were executed by his assistant.” (Parse Sent. Mem. at 12).
This statement is not only a shameless attempt by Parse to throw his subordinate under the bus, but
also a testament as to just how perverted these tax shelters were that the investment broker, who
otherwise touts his treatment of his long-time clients, (id. at 4 “As a broker, David had 30 to 40 long-
term customers, and his goal was to assist them to invest their money wisely.”), now attempts to
make much of the fact that he was not giving investment advice to the backdating clients (or, as the
evidence showed, to any of the other tax shelter clients). As to Parse’s suggestion that the
backdating transactions were done not by Parse, but by Carrie Yackee, his sales assistant (Parse
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DOJ-OGR-00009532
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