NEW YORK, Oct. 18 (UPI) -- U.S. prosecutors have filed dozens of new criminal charges against numerous former executives of the KPMG accounting firm.
Authorities presented their indictments Tuesday in New York against 19 defendants, including 17 former KPMG executives, accusing them of scheming to defraud the Internal Revenue Service "by devising, marketing, and implementing fraudulent tax shelters, by preparing and causing to be prepared, and filing and causing to be filed with the (Internal Revenue Service) false and fraudulent U.S. individual income tax returns containing the fraudulent tax shelter losses, and by fraudulently concealing from the IRS those shelters."
The latest criminal filing increases from 10 to 19 the number of people being prosecuted in what the government says was a scheme that defrauded the Treasury of about $2.5 billion in taxes.
