Thursday, September 24, 2009
Wall Street Journal: Ex-KPMG Tax Partner Pleads Guilty In Tax-Shelter Case, by Chad Bray:
Former KPMG LLP tax partner Robert Pfaff pleaded guilty Wednesday to criminal charges in an alleged fraudulent tax-shelter scheme involving transactions in the U.S. and Saipan. ...
He faces up to 51 months to 60 months in prison under a stipulated sentencing guidelines range as part of a plea agreement. Sentencing is set for Nov. 16.
Pfaff is currently serving a 97-month prison sentence after he and two others were convicted on tax evasion charges last year in a case once billed as the largest tax-shelter fraud case in U.S. history.