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September 16, 2005

In the wake of KPMG

deutscheb3.gifFollowing on this post from last month, this New York Times article reports that, on the heels of KPMG's deferred prosecution agreement with the Justice Department and the subsequent indictment of eight former KPMG partners, federal prosecutors are apparently focusing on other firms involved in the creation and promotion of allegedly illegal tax shelters, including Deutsche Bank and possibly Ernst & Young, the law firm of Sidley, Austin, Brown & Wood, and Texas-based law firms Jenkens & Gilchrist and Scheef & Stone. Here are the previous posts on the KPMG tax shelter saga.

Posted by Tom at September 16, 2005 5:50 AM

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