Bail was denied to one of the former KPMG partners charged by the federal government in connection with the sale of allegedly fraudulent tax shelters.

Called a flight risk by federal prosecutors, David Greenberg was the only defendant to be arrested by authorities. Greenberg has also been accused of falsifying documents to hide his involvement in questionable shelter deals, coaching a co-conspirator to lie to investigators, and misleading investigators about whether he had surrendered all his passports. If convicted, Greenberg could face more than 25 years in prison.

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