Editing KPMG (section)

===Tax shelter fraud===
{{Main|KPMG tax shelter fraud}}
In 2003, the IRS issued summonses to KPMG for information about certain tax shelters and their investors.<ref name=NYT280805/> In February 2004, the US Justice Department commenced a criminal inquiry.<ref name=NYT280805>{{cite news|last1=Browning|first1=Lynnley|title=How an Accounting Firm Went From Resistance to Resignation|work=The New York Times|date=28 August 2005}}</ref> The United States member firm, KPMG LLP, was accused by the [[United States Department of Justice]] of fraud in marketing abusive tax shelters. KPMG fired or forced the retirement of over a dozen who were involved.<ref>{{cite news|last1=Johnson|first1=Carrie|title=KPMG Nears Agreement On Tax-Shelter Abuses|newspaper=The Washington Post|date=23 August 2005}}</ref> KPMG LLP admitted criminal wrongdoing in creating fraudulent tax shelters to help wealthy clients avoid $2.5 billion in taxes between 1996 and 2002, and agreed to pay $456 million in penalties to avoid indictment. Under the [[deferred prosecution agreement]], KPMG LLP would not face criminal prosecution if it complied with the terms of its agreement with the government. On 3 January 2007, the criminal conspiracy charges against KPMG were dropped.<ref>{{cite news|first=Carrie |last=Johnson | url=https://www.washingtonpost.com/wp-dyn/content/article/2007/01/03/AR2007010301883.html |title=Charge Against KPMG Dropped |newspaper=[[The Washington Post]] |date=4 January 2007 |access-date=8 September 2014}}</ref>