Somewhere, David Makov is glad that he didn’t spend the extra dollar on a Powerball ticket. His luck has officially run out. Despite the fact that many of those charged in the KPMG scandal were let off the hook due to over-zealous prosecution, Makov, is one of the five remaining defendants in the case. Rather than go to trial, Makov pleaded guilty this week in Manhattan federal court.
Makov has admitted to participating in “a conspiracy to defraud the United States Treasury”, evade taxes and file false tax returns. He will face up to five years in prison.
Makov may have feared that things could get much worse. Now that the government only has a few cases to prosecute instead of a massive slew of cases, the testimony of former KPMG partner, David Rivkin, who earlier entered a guilty plea in exchange for cooperation, would likely have been damaging. Makov will be sentenced next June.
