Irwin, John N. - Villanova, PA

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Irwin’s AICPA membership was terminated, effective October 26, 2011, in connection with the SEC denying Mr. Irwin the privilege of appearing or practicing before the Commission as an accountant. This decision was based on allegations that Mr. Irwin made materially false and misleading statements to existing and potential investors in connection with a Ponzi scheme, and for failing to disclose to investors that he was receiving a percentage of fees as compensation for helping to establish the Fund.