KPMG case - the Government strikes back
Filed in archive Accounting by leon on October 11, 2007

Earlier this month, I looked at Judge Lewis Kaplan raising important questions about the way the US Government was abusing its powers in the prosecution of alleged wrongdoers. Kaplan made international headlines last year when he ruled that prosecutors had violated the rights of indicted former KPMG executives charged with peddling dubious tax shelters
.Now the prosecutors are getting their own back. They have asked the court to reinstate criminal charges against 13 former KPMG partners who were let off following Kaplan's ruling.
It coincides with the jury selection underway with the remaining defendants in the tax shelter case.
Obviously as the prosecutors see it, the stakes are high and they're not about to let go. This case is likely to be around for some time.
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