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Jurors acquitted the former executives, Kenneth Goglia and Harvey Plante, of charges that they helped Bruce Kingdon, a former managing director at the bank, steal funds from dormant client accounts, according to a clerk for United States District Judge Richard Berman, who presided over the case.
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In 2010 Jon Carnes, a short seller, sent a cameraman to a biodiesel factory that China Integrated Energy (a KPMG client) said was producing at full blast, and found it had been dormant for months.
As a result it has closed more than 4,000 accounts since May 2013, most of which were dormant, but 554 of which were closed because they did not meet the bank's new standards for clients.
The issue lies dormant.
They were comfortably dormant.
Many sit dormant.
Past controversies stayed dormant.
They go dormant.
Use dormant oil sprays.
It's dormant.
The effort went dormant.
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