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...

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