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Judge Denies Bail to KPMG Exec Accused of Tax Shelter Fraud

The Associated Press reports that U.S. District Judge Lewis A. Kaplan on Monday denied bail to former KPMG partner David Greenberg because of a risk of flight:

A judge denied bail Monday to a former KPMG executive accused of helping engineer a tax shelter fraud for rich people that prosecutors say was the largest case of its kind in U.S. history. U.S. District Judge Lewis A. Kaplan said he had concluded that David Greenberg had expressed an intention to flee in the event of an indictment and to finance his flight with assets he had placed in accounts in the name of his former wife and his father.


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