Former KPMG partner David Britt pleaded guilty to one count of conspiracy to commit wire fraud Thursday as the fallout from the cheating scandal that has plagued the firm for nearly two years appears to be nearing its conclusion.
Britt, the former co-head of the Banking and Capital Markets Group within the audit group of KPMG’s Department of Professional Practice, is the last of the five central KPMG figures at the heart of the scandal to either plead guilty or be found guilty by a jury. His crimes carry a maximum sentence of 20 years in prison, though previous sentences of other members involved suggest a penalty of less than a year to be more likely.
