Eight former KPMG execs have been charged with conspiracy to sell fraudulent tax shelters. They are former KPMG Deputy Chairman Jeffrey Stein, former officials John Lanning, Richard Smith, Jeffrey Eischeid, Philip Weisner, John Larson, Robert Pfaff and Mark Watson; a ninth person was also charged in the scheme, outside tax attorney Raymond Ruble. It is being described as "the largest tax evasion scheme in U.S. history."
The company will pay at least $456 million in fines to the feds as a penalty (KPMG made at least $115 million on the schemes, according to prosecutors). You can click on the title link above to read the press release from the Department of Justice.
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TaxGirl simply must be an irs mouthpiece. Ck-ot http://www.losthorizons.com to see the final days of the incredibly evil irs.
It’s only fitting that such an agency die the same death it has imposed on flesh and blood humanity.
In very high spirits,
mark
mshtodays@yaho.com