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JUDGE PUTS FREQUENT FLIER MILES ON ICE FOR INDICTED ACCOUNTANT
November 15, 2005
A federal judge denied bail yesterday to one of the indicted ex-KPMG partners. The judge ruled David Greenberg was a flight risk and likely to tamper with witnesses.
Kaplan said on Monday that he considered nonviolent witness tampering and obstruction a danger to the community and grounds to deny bail.
The judge noted that the defendant had allegedly told a coconspirator that if he were indicted, he would take about $16 million to $20 million he had put in his ex-wife's name and take off.
Kaplan said that Greenberg's April 2004 formation of a limited liability company in the name of his former wife and his father corroborated that claim. The executive put between $11 million and $13 million into the company's accounts.
After analyzing the signatures on papers forming the company, Kaplan concluded that it was "quite unlikely" that Laura Greenberg, the ex-wife, had signed them at all.
The government has maintained that the former wife was unaware of the formation of the asset-holding company and learned of its existence by mistake through a mass mailing. The judge said the circumstances suggest Greenberg formed the company without his former wife's knowledge and kept its existence from her.
Serious business, indeed.
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Comments
But, Oh, to be that lucky ex-wife!!
I wonder if this is better than what she got in the divorce settlement?
Posted by: Stef | November 15, 2005 3:02 PM
Mmm... Hadn't thought of that! Bad luck for the "pregnant fiancee," though.
Posted by: Joe Kristan | November 15, 2005 4:45 PM