- Associated Press - Saturday, March 19, 2016

PHOENIX (AP) - A former Phoenix accountant has been sentenced to two years in prison for performing audits after losing his license in several states.

The U.S. Attorney’s Office for Arizona says 64-year-old Michael Edelen received his sentence this week.

Edelen must also serve three years of supervised release.

He pleaded guilty in October to conspiring to make false statements in audit documents and conspiring to commit mail and wire fraud.

Prosecutors say Edelen audited the retirement plans for 45 companies in 2011 and 2012 without a license.

They say he submitted his reports to the Department of Labor, fraudulently claiming the audits were done by a CPA.

He collected nearly $460,000 from the companies.

He must now pay that amount in victim restitution.



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