Two interesting items

Here are two items.

The first is about the prosper punishment of corporate executory for white collar crimes .

The other is an update on how the KPMG tax shelter abuse investigation is broadening to other subjects such as Deutsche Bank. It may also come to include another of the "final four" accounting firms, Ernst & Young:

The lawsuit says that several Ernst & Young tax experts raised doubts
about the validity of Cobra in fall 1999, at the time that the firm greatly
relaxed the standards it had been using to approve of tax shelters before
offering them for sale.

This is reminiscent in a few ways of Andersen's behavior in the Enron case. Even the cute/menacing name of the product 'Cobra' sounds like the 'Raptor' of Enron.