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Ex-Trader Pleads Guilty In KPMG Tax Shelter Case

Law360 (September 10, 2007, 12:00 AM EDT) -- A former trader faces up to five months in jail after pleading guilty Monday to conspiracy over his role in an alleged tax shelter scam developed by accounting firm KPMG.

The investment adviser, David Amir Makov, one of 10 defendants embroiled in the scandal, pleaded guilty in the U.S. District Court for the Southern District of New York to one count of conspiracy to commit tax evasion. He also agreed to forfeit $10 million.

Prosecutors from the U.S. attorney's office in Manhattan said Makov participated in...
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