|
|
08 Oct 2007
The last four defendants in the KPMG tax-shelter case face the start of their
trial this week as jury selection begins tomorrow (Tuesday).
The trial of the remaining defendants – three ex-KPMG executives and a former
partner at law firm Sidley Austin – will begin with the selection of a jury and
is expected to last between three and five months.
The 2005 indictment alleged that between 1996 and 2005 the defendants put
together tax shelters that were designed to generate fake tax losses. It also
said the defendants prepared false documents to deceive the government.
In July this year, US District Judge Lewis Kaplan dismissed charges against
another 13 former KPMG partners, ruling that the government interfered with
their right to counsel.
KPMG itself avoided an indictment by settling the federal investigation in 2005
for $456 million.
The case involves some 24 million pages of documents and some legal experts say
the government could face an uphill task in proving its case.
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment