Free Status Report - District Court of Federal Claims - federal

Case 1:05-cv-00411-FMA

Document 25

Filed 11/16/2006

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IN THE UNITED STATES COURT OF FEDERAL CLAIMS No. 05-411 T (Judge Allegra) ________________________ PRESIDIO ADVISORS, LLC, NORVEST LTD., Plaintiff, v. THE UNITED STATES, Defendant. ______________ DEFENDANT'S STATUS REPORT ______________

Pursuant to the Order of this Court, the defendant files this status report to inform the Court of the status of the criminal proceeding in the United States District Court for the Southern District of New York. As previously reported, John Larson, Robert Pfaff, and their Presidio entities, including Presdio Advisors, Norwood Holdings, and Prevad, Inc., were involved in the development, sale, and implementation of fraudulent KPMG shelters. The United States Attorney for the Southern District of New York is prosecuting an illegal tax shelter criminal conspiracy case against Larson, Pfaff, and others involving entities and transactions intimately related to the matters involved in this case. Since the Court suspended this case, the criminal case is active and ongoing. The case of United States v. Stein, et al., No. S1 05 crim 0888 (SDNY), was set for

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Case 1:05-cv-00411-FMA

Document 25

Filed 11/16/2006

Page 2 of 2

trial to begin on January 16, 2006. By Order dated November 13, 2006, the judge continued the trial date in Stein, and although the defendants requested a trial date no earlier than April of 2007, the judge did not set a new date for the trial. The judge scheduled a conference for December 20, 2006, to consider possible trial dates. Defendant believes that the suspension of all proceedings in this case continues to be appropriate until resolution of the criminal case and the ongoing criminal investigation. Respectfully submitted, November 16, 2006 Date s/ David R. House DAVID R. HOUSE Attorney of Record U.S. Department of Justice Tax Division Court of Federal Claims Section Post Office Box 26 Ben Franklin Post Office Washington, D.C. 20044 (202) 616-3366 EILEEN J. O'CONNOR Assistant Attorney General DAVID GUSTAFSON Chief, Court of Federal Claims Section s/David Gustafson Of Counsel Attorneys for Defendant

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