August 28, 2010
2d Cir. Upholds KPMG BLIPS Tax Shelter ConvictionsThe Second Circuit on Friday upheld the convictions former KPMG tax partner Robert Pfaff, former KPMG senior tax manager John Larson, and former Sidley Austin partner Raymond Ruble of tax evasion in connection with the sale of BLIPS tax shelters. The court, however, reduced Mr. Larson's fine by 50% (to $3 million). United States v. Pfaff, No. 09-1702 (2d Cir. Aug. 27, 2010). (Bloomberg, Reuters)
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A federal appeals court upheld convictions of two of the defendants convicted in the KPMG tax shelter trial after charges... [Read More]
Tracked on Aug 30, 2010 8:06:27 AM