The worst is over for Steven Gremminger, a former associate general counsel at accounting giant KPMG LLP. The government appears to have given up in its attempts to prosecute Gremminger and 12 other former KPMG employees for their role in the creation of allegedly fraudulent tax shelters.
Federal District Court Judge Lewis Kaplan of New York dismissed the charges against the 13 defendants in 2007, finding that the government had pressured KPMG not to pay its former employees’ legal fees. This violated the defendants’ constitutional rights to counsel and due process, Kaplan ruled. The 2nd U.S. Circuit Court of Appeals upheld the dismissal in an August 2008 decision.
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