Former Head of Howard Stern's Accounting Firm Slapped With Probation and Fine
June 9, 2006

Gary Herwitz, the former head of Howard Stern's accounting firm, avoided jail time yesterday when a federal judge sentenced him to probation and a fine for hoarding stock in Sirius Satellite Radio just before Stern's deal with the satcaster was announced. Herwitz, who worked for prominent accounting firm Mahoney Cohen, pleaded guilty to insider trading back in December, just as the Brooklyn U.S. Attorney was preparing to indict him for grabbing 25,000 shares of Sirius. He earned nearly $20,000 when he sold the stock.

"I stand before you today because I unequivocally made the biggest mistake of my life," Herwitz told Brooklyn federal court Judge Nicholas Garaufis, according to the New York Post. "No one's been harder on themselves than me."

Herwitz was facing up to 16 months in jail, but the judge took it easy on the accountant, giving him two years probation and ordering him to pay a $20,000 fine and complete a mental health treatment program. Judge Garaufis concluded that, due to undisclosed family issues, "No purpose would be served in sentencing the defendant to a period of incarceration," according to the Post.

Meanwhile, former radio personality Wayne Perry is campaigning for Howard Stern to get a star on Hollywood's Walk Of Fame. Perry, who was known as the “Mad Minute” commentary guy on a New York television station and also hosted the Mad Radio Show on Albany’s FM Talker 93.7, now owns SiCap Industries.

"Howard Stern is radio’s greatest pioneer. Anyone who disputes that fact is either misinformed, or they just refuse to accept the truth," Perry said in a press release. "As a young man, I based my TV and radio career on what I learned from listening to Howard. He’s like the Lenny Bruce of radio, but far more honest. Obviously my media career fizzled, but Howard’s influence actually helped the business I have today. Honesty is the key and that’s why Howard is such a star."

To further the cause, Perry's company, SiCap Industries, has started a national campaign to get Stern his star. Since it costs money to get a star on the Walk Of Fame, the company has committed a percentage of sales from its Sinus Buster product to obtain the goal. Next June they plan to officially nominate Stern for the star. SiCap has established a special escrow account for the “Howard Stern Walk Of Fame Project." A percentage of every sale on their Web site will go to the fund.




 
Breaking News
Study: Radio Dominates In Connected Cars
February 17, 2017
Study: Women to Radio: I Love You, But….
iHeartMedia Fort Myers Adds New Nighttime On-Air Hosts Lulu & Lala On Y100.1
Entercom Los Angeles Extends KSWD's "Uncle Joe'Benson
February 16, 2017
Study: Who Do Women Love Most – Radio or Pandora?
Prince Streaming Activity Explodes
Kathy Romano To Bring "Her Story" To WBEN/Phiadelphia
February 15, 2017
CBS Corp Revenue Up in 2016, Radio Now "Discontinued Operations"
Z90 "EPIC 48 2.0" Wraps, Includes Meeting Lady Gaga At The Big Game
MIW Radio Group: 2016 Gender Analysis
February 14, 2017
BuzzAngle Music: 2017 GRAMMYs Impact
Universal Music Publishing Group Appoints Walter Jones VP/Creative
The Conclave To Honor John Gehron With Rockwell Award
Report: Millennials Don't Hate Radio
Bob Garrett Memorial Fund
February 13, 2017
Adele Dominates 59th Annual Grammy Awards
Todd "Carson" Zarnitz Named PM Drive Host for KKRZ/Portland & KPWK/Seattle
UMG Relaunches Polygram Entertainment
WRVW/Nashville To Present “Live. Life. Love: A Concert for Suicide Prevention”
CMG Miami Names Michael Baisden Afternoon Drive Host At WHQT
February 10, 2017
Nielsen Reports Increased Revenue in 2016, Q4
Pandora Revenue and Net Losses Both Up in Q4, 2016 Full Year Report
February 9, 2017
CBS Radio Chicago Names Greg Solk OM/PD At WXRT & WJMK
Music News
Fifty Shades Darker Soundtrack Debuts Atop Billboard 200
James Brown's Drummer Clyde Stubblefield Dies
Quick Hits: The Roots Picnic, Ringo Starr & Paul McCartney, Lana Del Rey
Republic Records, ZXL Music & The Grimmie Family To Release New Christine Grimmie Music
Linkin Park Announce New Album, Release Single "Heavy"
Migos Joins With Motown & Capitol Records
Quick Hits: Beyonce, Adele, Metallica, Michael Jackson, OneRepublic
Katy Perry, Ed Sheeran, The Chainsmokers, Shawn Mendes, Noah Cyrus, Bruno Mars Set To Perform At The 2017 iHeartRadio Music Awards
Future Announces New Album Out Friday
Quick Hits: Pitbull, Lorde, G-Eazy, Camila Cabello
Quick Hits: Katy Perry, The Chainsmokers, Chance The Rapper
Prince's Early Catalog Comes to Streaming Services
Metallica Announces WorldWired Tour
Quick Hits: DJ Khaled / Beyoncé / Jay Z, Al Jarreau, WayHome Festival
Katy Perry Releases New Single "Chained to the Rhythm"
FMQB NOW

Question Of
The Week

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!