KPMG Allowed Fraud at New Century, Report Says
SAN FRANCISCO (Reuters) - Auditor KPMG <KPMG.UL> either
initiated accounting fraud at New Century Financial Corp
<NEWCQ.PK> 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.
