Federal prosecutors have notified as many as 20 former partners at Big Four firm KPMG LLP that they may face criminal charges for selling illegal tax shelters.

According to The Washington Post, "tough concessions" from KPMG are likely to be the price of any settlement, although lawyers are still investigating individual executives and weighing whether or not to press criminal charges against the firm. The report said that negotiations between KPMG and prosecutors were continuing and a resolution could be weeks away.

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