TaxCorporate TaxAccountant pleads guilty in KPMG case

Accountant pleads guilty in KPMG case

California-based accountant pleads guilty to conspiracy, tax fraud

Steven Michael Acosta, a Californian accountant has plead guilty to charges
of conspiracy, tax fraud and obstructing a federal investigation as part of the
massive investigation into questionable
tax
shelters
set up for wealthy clients by
KPMG.

Acosta also pledged to help prosecutors in their criminal investigation.

He is the fourth person to plead guilty in the inquiry. The case centres
around 16 former employees of KPMG who are scheduled to stand trial in
September.

Further reading:

KPMG tax shelter case postponed ‘indefinitely’

KPMG and ex-partners square off in US

Victory for KPMG in California ruling

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