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KPMG LLP has agreed to pay a $50 million fine over allegations former staffers used stolen information to alter some of the accounting firm's previous audit work and cheated on training exams, the ...
On 8 February 2007, Deutsche Bank reached a settlement with hundreds of investors to whom it sold aggressive U.S. tax shelters similar to those attacked by the prosecution in the KPMG tax fraud case. [8] This settlement came a year after US DOJ prosecutors in Manhattan announced their investigation of Deutsche Bank's role in questionable tax ...
Michael Hamersley is a tax lawyer who, in 2003, became a corporate whistleblower against the accounting firm KPMG's tax shelter fraud.In 2006 he was a candidate for the U.S. Congress in California's 4th congressional district, obtaining third place in the Democratic party primary.
David G. Friehling (born November 27, 1959 [1]) is an American accountant who was arrested and charged in March 2009 for his role in the Madoff investment scandal. [2] He subsequently pleaded guilty to rubber-stamping Bernard Madoff's filings with regulators rather than fully reviewing them.
London, whose 29-year career at KPMG ended in his firing and arrest last month, had served as the head of the accounting firm's audit practice in Los Angeles. Sponsored Links
The report cleared KPMG and Ernst & Young of any responsibility for the accounting fraud at the company and concluded that the scheme had been too well concealed. The report said: "The masterminds of this case were hiding the illegal acts by artfully manipulating experts' opinions." [55]
During his cross-examination, Leach pressed Holmes on her efforts to kill a 2015 investigative report in the Wall Street Journal by John Carreyrou that exposed Theranos' flawed technology. That ...
Crown lawyers at this fraud trial of three former Nortel Networks executives say the men defrauded the shareholders of Nortel of more than $5 million. According to the prosecutor this was accomplished by engineering a financial loss in 2002, and a profit in 2003 thereby triggering Return to Profit bonuses of $70 million for top executives.