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China Daily | Updated: 2009-04-03 07:58
Ex-KPMG staff jailed
A former KPMG manager convicted of selling improper tax shelters was sentenced on Wednesday to more than 10 years in prison and a former tax partner at the firm received a sentence of more than eight years.
Former KPMG tax partner Robert Pfaff and former senior tax manager John Larson were convicted by a federal jury last December on several counts for evading taxes through a vehicle known as a BLIPS tax shelter. Larson was sentenced to 121 months and ordered to pay a fine of $6 million by Judge Lewis Kaplan in US District Court in Manhattan on Wednesday and Pfaff to 97 months and a fine of $3 million.
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