Ex-KPMG Partner Gets Year In Prison For Regulatory Fraud
Law360, New York (September 11, 2019, 2:17 PM EDT) -- A former high-level partner at auditor KPMG was sentenced to a year and a day in federal prison Wednesday for a scheme to get secret intel from the Public Company Accounting Oversight Board to help KPMG perform better in inspections.
David Middendorf was convicted of wire fraud and conspiracy in March after jurors heard evidence that he was involved in tapping then-current and former PCAOB staffers for information on what companies' audits the oversight board would be inspecting.
At Middendorf's sentencing in New York on Wednesday, U.S. District Judge J. Paul Oetken took into account the fact the fraud was not a...
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