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JUDGE DROPS CHARGES AGAINST 13 KPMG DEFENDANTS

July 16, 2007

When you're thrown off the sled, usually the wolves get you. Thirteen former KPMG partners and employees cheated the wolves today.

The trial judge in the KPMG tax shelter criminal case dismissed the charges agains the 13 defendants who were affected when KPMG agreed not to pay for their legal defense to keep the firm itself from being indicted.

The case agains three other ex-KPMG employees and two non-KPMG defendants in the case will proceed to trial.

The TaxProf has a full roundup.

Link: Complete Tax Update coverage.

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