Readers -- at least readers other than those solely interested in foreign financial account stuff -- will surely remember the infamous criminal case involving KPMG related defendants. The case became a cause celebre in the white collar crime arena because 13 defendants were dismissed because of the Government's prosecutorial abuse in forcing KPMG to withdraw attorney fee support for those 13 defendants. One of the remaining defendants and two others were convicted in the much skinnied down criminal trial. The judge imposed a fine of $6,000,000 when the statutory maximum fine for the counts of conviction was $3,000,000. Larson paid the fine. Larson and the others convicted also appealed their convictions. Larson also complained about the fine. The Second Circuit sustained the convictions but, in a separate opinion, vacated the fine with remand to set the fine correctly. United States v. Pfaff, 619 F.3d 172 (2d Cir. 2010). Although Larson is incarcerated, I suspect he surely relished the prospect of getting $3,000,000 back.
Read more »
No comments:
Post a Comment