KPMG's Middendorf Says He May Testify As Feds Wrap Up

By Jack Newsham (February 28, 2019, 8:24 PM EST) -- Former KPMG partner David Middendorf may testify in his own defense to rebut fraud charges stemming from claims he and others filched plans from the Public Company Accounting Oversight Board to prepare for audit inspections, lawyers said Thursday after prosecutors closed their case.

Middendorf, who is on trial alongside former PCAOB employee Jeffrey Wada on charges they defrauded the Securities and Exchange Commission by exploiting confidential plans that Wada and others allegedly shared, may waive his Fifth Amendment rights and take the stand as soon as Monday, a prosecutor said and one of his lawyers confirmed in court.

His testimony could...

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