With plenty of biting words, a federal judge released former KPMG accounting executive David Greenberg on $25 million bail, ordering him to live in Manhattan under electronic monitoring until his trial for tax fraud begins.
Greenberg is among the 17 indicted former KPMG partners and managers charged with tax evasion and conspiracy to defraud the Internal Revenue Service in connection with the firm's alleged sales of abusive tax shelters. The case, which prosecutors estimated may have cost the U.S. Treasury $2.5 billion, is the largest criminal tax case in U.S. history.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access