PCAOB names director of investigations, enforcement

Washington — The Public Company Accounting Oversight Board has tapped Claudius B. Modesti as its director of investigations and enforcement, effective May 3, 2004.

Modesti, 39, currently is an assistant U.S. attorney for the U.S. Attorney’s Office for the Eastern District of Virginia, where he has led the investigation and prosecution of white-collar crimes with an emphasis on securities fraud. He was also appointed corporate fraud coordinator for the office.

Prior to joining the U.S. Attorney, Modesti served as a trial attorney for the criminal division of the Department of Justice, and spent four years in enforcement at the Securities and Exchange Commission.

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