Burton Kanter

From Wikispooks
Jump to navigation Jump to search

Person.png Burton Kanter PrabookRdf-entity.pngRdf-icon.png
No image available (photo).jpg
Born12 August 1930
Jersey City, New Jersey, USA
DiedOctober 31, 2001 (Age 71)
Cause of death
Alma materUniversity of Chicago
Founder ofCastle Bank & Trust
"One of Chicago's most prominent-and controversial-tax attorneys"

Burton W. Kanter was "one of Chicago's most prominent-and controversial-tax attorneys".[1] He was a tax attorney, who handled a lot of rich people's money.[2]


Kanter got a law degree at the University of Chicago (Bachelor of Arts, 1951. Juris Doctor, 1952). He was a Teaching Associate in Indiana University Law School from 1952-1954. He joined the staff of the University of Chicago Law School in 1985. He was an Attorney-Advisor of the Tax Court of the United States from 1954-1956.


Kanter was a senior editor of the Journal of Taxation.

Lagal cases

He was acquitted in 1977 of a criminal conspiracy to avoid taxes on the profits from the $9.1-million sale of a Nevada apartment building, in connection with the Castle Bank & Trust. His law partner at the time, Roger Baskes was sentenced to two years in prison for the same charge.[1]

Kanter was due to be tried in U.S. Tax Court in Chicago in 1994 "to defend almost 10 years worth of transactions, with more than $10 million in back taxes and penalties at stake."[1]

In December 1999 he was ruled to have been "the architect" of a long-running kickback and tax-evasion scheme which siphoned money from funds managed by the Prudential and Travelers insurance companies. Judge Couvillion wrote in his 606-page decision that "What we have here, purely and simply, is a concerted effort by an experienced tax lawyer and two corporate executives to defeat and evade payment of taxes and to cover up their acts."[3]