Judge Won't Ax Indictments In KPMG Revolving-Door Racket

Law360 (July 17, 2018, 10:15 PM EDT) -- A New York federal judge refused Tuesday to dismiss the wire fraud and conspiracy counts in an indictment against two former members of the Public Company Accounting Oversight Board and three former top KPMG executives, finding the government’s allegations to be sufficient at this time.

U.S. District Judge J. Paul Oetken rejected the arguments from the former board members and executives, who sought to dismiss the suit that aims to hold them accountable for an alleged scheme to use stolen confidential information to help KPMG obtain better results on audits conducted by the regulatory board.

The defendants had argued that the...

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