Reuters: KPMG allowed fraud at New Century, report says

[chris]

KPMG allowed fraud at New Century, report says
      

SAN FRANCISCO (Reuters) - Auditor KPMG  either initiated accounting fraud at New Century Financial Corp  or stood idly by as the failed subprime mortgage lender committed fraud in 2005 and 2006, an independent report requested by the U.S. Department of Justice shows.
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