Yates, James L. - La Plata, MD

As a result of an investigation of alleged violations of the AICPA Code of Professional Conduct, Mr. Yates entered into a settlement agreement under the Joint Ethics Enforcement Program, effective March 20, 2012.

Information came to the attention of the Ethics Charging Authority (“ECA”) (AICPA Professional Ethics Executive Committee) alleging a potential disciplinary matter with respect to Mr. Yates’ 2003 criminal conviction.  After an investigation, Mr. Yates was charged with violating the following rule of the AICPA Code of Professional Conduct:

Rule 501 – Acts Discreditable, as a result of being found guilty by a court of law of a criminal act

Mr. Yates was convicted of conspiracy to defraud the United States government and of filing false claims upon the United States government.

In consideration of the ECA forgoing further investigation of Mr. Yates’ conduct as described above and in consideration of the ECA forgoing any further proceedings in the matter, Mr. Yates agrees as follows:

a.    To waive his rights to a hearing under AICPA bylaws section 7.4.
b.    To neither admit nor deny the above specified charges.
c.    To have his AICPA membership terminated as of the effective date of this agreement.
d.    That the ECA shall publish his name, the charges, and the terms of this settlement agreement.