Former KPMG partner David Middendorf and former PCAOB official Jeffrey Wada were each found guilty of conspiring to steal secret Board inspection schedules for KPMG to give the firm an edge in the process. Each was found guilty of conspiracy to commit wire fraud and wire fraud but acquitted of conspiracy to defraud the government. Previously, co-defendants Thomas Whittle and Brian Sweet entered into plea deals which in part required them to testify for the government. Defendant Britt was severed from the case and is awaiting trial.
via KPMG Partner, PCAOB Official Guilty Stealing Board Inspection Schedules – SEC ACTIONS.
