The former national partner-in-charge of inspections at KPMG pled guilty on Oct. 29 for his […]
Tag: conspiracies
Ex-KPMG Executive Director Admits Guilt in PCAOB Inspection Leak Scandal
A former Public Company Accounting Oversight Board inspector-turned-KPMG executive director, who was accused of obtaining […]
KPMG Adds Retired Four-Star Air Force General to Its One-Star Board of Directors
No, it wasn’t Pope Francis, Malala Yousafzai, or the ghost of Nelson Mandela, as Caleb […]
Federal Judge Strikes Down Ex-KPMG Partners’ Request for SEC Evidence Search
If you’re dying to know what’s going on with David Britt, David Middendorf, and Thomas […]
Setback in Court For Ex-KPMG Execs, As Judge Refuses to Toss Out Counts in PCAOB Inspection Info Leak Case
As Mick Jagger sings, “You can’t always get what you want.” What three former top […]
Report: Court Documents Name KPMG Audit Clients Caught Up in PCAOB Leak Fiasco
MarketWatch reporter and friend of Going Concern’s, Francine McKenna, wrote an outstanding article today after […]
Clearly Not Everyone at KPMG Got the Memo About the ‘Raise-Your-Hand Culture’ at the Firm
Photo: A higher proportion of hand raising than at KPMG.
Report: Ambac Was One of the KPMG Clients That Got a Second Peek Thanks to Stolen PCAOB Info
Francine McKenna did some expert sleuthing and reports at MarketWatch that Ambac Financial Group was […]
All the Gory Details From the Indictment of Former KPMG Partners
If you’re not one of the six accountants who was criminally or civilly charged today, […]
Former KPMG Employees Learn That Using Confidential PCAOB Inspection Info Has Its Drawbacks
Six former employees of KPMG have been arrested and charged “with conspiring to defraud securities […]
Costa Rican Auditor Admits To Never Actually Auditing
Provident Capital Indemnity Ltd’s former outside auditor admitted in federal court this week to participating in a $670 million fraud in the life settlement bond market, according to the Department of Justice.
56-year-old Jorge Castillo pleaded guilty Monday to one count of conspiracy to commit mail and wire fraud, U.S. Attorney Neil MacBride in Alexandria, Virginia, said in a call with reporters. He could face up to 20 years in prison.
Castillo admitted to conspiring with PCI president Minor Vargas Calvo to prepare false financial statements that reflected contracts PCI held with other reinsurance companies. Castillo admitted to prosecutors that he never audited PCI’s financial statements and that he was aware PCI did not actually enter into the contracts with other reinsurance companies listed on the company’s financials. PCI paid him about $84,000 from 2004 to 2010.
Castillo will be sentenced in a Richmond, VA federal court on May 22.
DOJ: Purported Auditor Of Provident Capital Pleads Guilty In Scheme [WSJ]