Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Ernst & Young LLP
Current Parent Company: Ernst & Young
Penalty: $123,000,000
Year: 2013
Date: March 1, 2013
Offense Group: financial offenses
Primary Offense: tax violations
Mega-Scandal: Assisting Tax Evasion
Violation Description: The United States Attorney for the Southern District of New York and Internal Revenue Service announced that Ernst & Young LLP admitted wrongful conduct by certain E&Y partners and employees in connection with the firm's participation, from 1999 to 2004, in four tax shelters that were used by approximately 200 E&Y clients in an effort to defer, reduce, or eliminate tax liabilities of more than $2 billion.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Southern District of New York
Civil or Criminal Case: criminal
Prosecution Agreement: non-prosecution agreement
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: business services
Specific Industry of Current Parent: accounting services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.