New charges in E&Y tax shelter case

Despite suffering a setback in its tax shelters case involving former KPMG
partners, the US government is set to file a new indictment in a case involving
current and former Ernst & Young partners.

to Reuters,
the partners will face charges related to the sale of
questionable tax shelters.

US prosecutors are expected to either file the indictment by a 13 December
hearing or be close to filing it by then.

Those already charged include
Coplan, former national director of Ernst & Young’s Center for Family Wealth
Planning; former Ernst & Young partner Richard Shapiro, who is currently on
administrative leave; and Brian Vaughn, a former senior manager at the firm.

Further reading:

Judge kicks outs case against 13 ex-KPMG executives

Memo reveals KPMG feared total US collapse

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