Former KPMG partner in court today over tax shelters
David Greenberg to appear before Manhattan court today, but his charges have been narrowed to one count of conspiracy and nine counts of tax evasion
Fresh charges have been levelled at a former partner of KPMG US, in the trial
relating to dubious tax shelters.
David Greenberg is expected to be formally charged before federal Judge Lewis
Kaplan in Manhattan today.
According to court papers, prosecutors have now narrowed down the charges
against him to one count of conspiracy and nine counts of tax evasion.
Greenberg, who originally faced 39 counts of tax evasion and among 19 other
alleged co-conspirators, is alleged to have taken part in a scheme with others
to defraud the US tax authorities by designing and selling questionable tax
shelters, Reuters reported.
The shelters are alleged to have led to avoidance of more than $100m.
The firm itself avoided being drawn into the case by settling a federal probe
for $456m.
Further reading:
Largest US tax preparer drops KPMG
Ex-KPMG adviser pleads guilty in tax shelter case
Memo reveals KPMG feared total US collapse