Prominent Alabama trial lawyer Lanny Vines, last seen in these columns (Jan. 7-8, 2003) having apparently used a straw purchaser to buy then-Gov. Don Siegelman’s Montgomery home for twice its appraised value, is now having a bit of trouble with the Internal Revenue Service. Vines “temporarily quit his law practice to become a day trader” but ran into trouble when the tech bubble burst. Vines sued his former accountant, J. Wray Pearce, the straw buyer in the Siegelman case, over allegedly bad tax advice on the stock trading, and reached a confidential settlement. An attorney for Vines says the $13.1 million IRS matter is “highly technical” in nature and in no way a reflection on his client: “If you don’t like Lanny Vines, you don’t like ice cream.” (Jerry Moskal, “Vines files petition to overturn tax bill”, Birmingham News, Aug. 18). Update: May 27, 2006.
Tangled Vines
Prominent Alabama trial lawyer Lanny Vines, last seen in these columns (Jan. 7-8, 2003) having apparently used a straw purchaser to buy then-Gov. Don Siegelman’s Montgomery home for twice its appraised value, is now having a bit of trouble with the Internal Revenue Service. Vines “temporarily quit his law practice to become a day trader” […]
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