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Ex-KPMG leader pleads guilty in inspection leak case

Tammy Whitehouse | October 18, 2018

A former KPMG leader has pled guilty to four counts of fraud and conspiracy in connection with an operation to subvert the regulatory inspection process.

Cynthia Holder, a former executive director at KPMG and a former inspections leader at the Public Company Accounting Oversight Board, will be sentenced in April. The four charges—two counts of wire fraud and two counts of conspiracy to commit fraud—carry a combined maximum sentence of 65 years in prison and as much as $1 million in fines.

Holder and five others were charged by both the U.S. Department of Justice and the Securities and Exchange Commission with a...

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