Interesting article in today’s New York Times, Guilty Plea Raises Stakes in U.S. Inquiry of KPMG. Here is the opening:
For accountants, lawyers and financial executives whose role in the sale of some questionable tax shelters has been under federal investigation, the stakes have suddenly risen sharply. With a bank executive’s [Domenick DeGiorgio’s] guilty plea last week to a charge that he conspired to commit tax shelter fraud, federal prosecutors have put considerable pressure on potential defendants who worked at KPMG, the accounting firm that sold the shelters, and at the banks and law firms involved. Now prosecutors have a cooperating witness who may be able to incriminate others – creating an incentive for some to cut their own deals with the government.
For other press coverage, see:
-
L.A. Times (8/12)
-
Law.com (8/12)
-
New York Times (8/12)
-
Washington Post (8/12)
-
Wall Street Journal (8/12)
-
Newsday (8/11)
-
Washington Post (8/11)
