Thursday, March 14, 2013
They're really good guys...
... and have been for more than 100 years; this crime is an aberration. That's how I interpret this statement: "The wrongdoing in this case by a small group of
professionals at E&Y represented a deviation from the more than
100-year history of ethical and professional conduct by E&Y and
its partners.” It concluded a "Statement of Facts" by the Department of Justice documenting a deal made with Ernst and Young with regard to illegal tax shelters devised by E&Y for about 200 clients who managed to avoid about $2 billion in taxes. The first instance of the crime was in 1999. E&Y has been negotiating a settlement since 2004 and they have to pay only $123,000,000. No interest. Another good deal for the moneyed crowd.
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