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Three KPMG convictions; one acquittal

December 17, 2008

Guilty on tax evasion counts, reports the Wall Street Journal:

Robert Pfaff, John Larson (former KPMG); Raymond Ruble (former Brown & Wood lawyer)

Not guilty on all counts: David Greenberg (former KPMG).

Thus ends the big KPMG tax shelter case that resulted in the forced divestiture of much of KPMG's business, the embarassment to the Government of the dismissal of charges against 13 defendants, and changes in the way white-collar prosecutions are to be handled.

Full Tax Update coverage here.

UPDATE, 12/18: The TaxProf has a roundup.

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