KPMG partner’s bail set at £14m

KPMG partner's bail set at £14m

Partner to face trial over sale of tax shelters

In what will be the biggest criminal tax case in US history, former
KPMG partner David Greenberg has been released on $25m (£14.4m) bail by a US
federal judge and ordered to live under electronic monitoring until the trial
begins.

He is one of 17 former KPMG partners and managers who were charged over the
Big Four firm’s alleged sale of abusive tax shelters which prosecutors have
estimated to have cost the US Treasury $2.5bn.

District judge Lewis Kaplan warned Greenberg that if he fled the country his
family would face financial ruin.

He is the only defendant to be arrested by authorities when the indictments
were handed down in October last year, WebCPA reported.

He has also been accused of falsifying documents, coaching a co-conspirator
to lie to investigators, and misleading investigators about whether he had
surrendered all his passports.

Related Articles

CogitalGroup announces acquisition of Wilkins Kennedy

Accounting Firms CogitalGroup announces acquisition of Wilkins Kennedy

5d Emma Smith, Managing Editor
Blick Rothenberg acquires Westleton Drake

Accounting Firms Blick Rothenberg acquires Westleton Drake

2w Emma Smith, Managing Editor
IR35 in 2018: what do accountants need to know?

Accounting Firms IR35 in 2018: what do accountants need to know?

2w SJD Accountancy | Sponsored
Top 50+50 UK Accountancy Firms 2018 – entries now open!

Accounting Firms Top 50+50 UK Accountancy Firms 2018 – entries now open!

2w Emma Smith, Managing Editor
It’s not just the potential of women at stake, it’s the potential of accountancy

Accounting Firms It’s not just the potential of women at stake, it’s the potential of accountancy

4w Jean Stephens, RSM International
PwC to net £50m from Carillion insolvency

Accounting Firms PwC to net £50m from Carillion insolvency

1m Alia Shoaib, Reporter
Mercer & Hole makes two new appointments

Accounting Firms Mercer & Hole makes two new appointments

2m Emma Smith, Managing Editor
Sexual harassment – is accountancy next for #MeToo?

Accounting Firms Sexual harassment – is accountancy next for #MeToo?

2m Karen Baxter, Lewis Silkin