One-time PCAOB, KPMG Exec Gets Her Fraud Convictions Thrown Out

Another former KPMG LLP executive’s convictions have been vacated in the wake of a 2022 Second Circuit decision limiting the scope of the federal wire fraud statute.

Because Cynthia Holder’s convictions relied on “the misuse of intangible regulatory information to satisfy the wire fraud statute’s property element,” they can’t stand, U.S. District Court for the Southern District of New York said.

The accounting firm’s former executive director has already served her eight month prison sentence and supervised release term. Even so, the writ of coram nobis vacating her guilty plea and criminal judgment helps to limit the collateral consequences of ...