Miller v. Tranakos

Cooper, Judge.

This interlocutory appeal arises from the trial court’s grant of appellees’ motion to open defaults and for a continuance of the trial.

Appellants are individuals who invested large sums of money into a tax shelter promoted by their attorney, Arthur P. Tranakos (“Tranakos”). After the Internal Revenue Service determined that the tax shelters were fraudulent, appellants filed two suits, which were consolidated, against Tranakos individually, one of his corporations involved in the fraudulent tax scheme and against the Tranakos Grandchildren Trust, a trust established for the…