Another Guilty Plea In Tax Shelter Case

Law360, New York (January 11, 2007, 12:00 AM EST) -- Prosecutors have scored yet another witness in the KPMG tax shelter case, after a California accountant indicted in the case agreed to a plea bargain.

Steven Acosta pled guilty to four charges of conspiracy, tax evasion and obstruction of the Internal Revenue Service, and acting corruptly on behalf of himself and others. In addition, Acosta agreed to help prosecutors build their cases against KPMG and its former executives.

Acosta, who became the fourth person to plead guilty in the tax shelter case, faces up to 16...
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