Inspection Intel Leaked To KPMG Was 'Property,' Gov't Says

Law360 (May 20, 2019, 9:46 PM EDT) -- Inside intel on which KPMG audits the Public Company Accounting Oversight Board would inspect counts as property under the wire fraud statute, prosecutors told a Manhattan federal judge on Monday, urging him to reject two former insiders' bids for acquittal or a new trial.

Ex-KPMG partner David Middendorf and former PCAOB official Jeffrey Wada were convicted in March in a case alleging a scheme whereby employees at the oversight board would leak PCAOB inspection lists to the accounting firm and later be rewarded with lucrative accounting jobs.

Middendorf was convicted on three counts of wire fraud and Wada on two, and...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!