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
Cumulus Media Oxnard/Ventura Names Matthew "Doughboy" Florence PD For KVYB
Westwood One Presents Backstage at the BBMAs
May 18, 2017
iHeartMedia St. Louis Names Maurice DeVoe PD For KMJM (100.3 The Beat)
May 17, 2017
Atlantic Records Promotes Dionnee Harper & Marsha St. Hubert To SVPs of Urban Marketing
Entercom San Diego & Portland Form Partnership With Pearl Jam's Vitalogy Foundation
Vevo Announces New Hires On Original Content Team
May 16, 2017
Universal Music Group & Tencent Music Entertainment Group Enter Stategic Agreement
B96/Chicago To Host Niall Horan, Stream Live Performance
May 15, 2017
Cumulus Reports First Quarter Results
National Radio Hall of Fame Announces 2017 Nominees
Heidi Raphael Named VP/Corporate Communications for Beasley Media Group
Beasley Media Group & jacapps To Debut Customized WRIF iPhone Stickers
May 12, 2017
eQB NOW
Cumulus Media Promotes Troy Hanson To VP/Operations For Chicago Station Group
May 11, 2017
iHeartMedia New Orleans Names Steve McNair Market President
Emmis Announces Fourth Quarter and Full-Year Earnings
98.5 KLUC/Las Vegas Promotes Jon Que To Music Director
In Brief - May 11, 2017
May 10, 2017
iHeartMedia Denver Names JoJo Turnbeaugh Regional SVP/Programming
SBS Radio Miami Names Donny Hudson Named GM/VP of Sales
iHeartMedia Denver Names Kelly Ransford As Director Of Event Marketing
Bay Area Radio Hall of Fame DJ & Rock Radio Icon Steven Seaweed To Retire
Margaret Ann Ronayne: Memorial and Tribute Details
Music News
It's a Sign of the Times: Harry Styles Debuts at #1
Chris Cornell's Wife Issues Statement on His Death
Rocker Chris Cornell Dead at 52
The Entertainment World Remembers Chris Cornell
FMQB Photo Pass: Metallica
Katy Perry Announced as First Judge for American Idol Reboot
Katy Perry Announces New Album Witness, North American Tour
Rapper Logic Debuts Atop Billboard 200
Quick Hits: Beyonce, Kendrick Lamar, Paramore
Jay Z Inks $200 Million Deal with Live Nation
iHeartRadio Streaming Exclusive Harry Styles Station
Jay Z, Chili Peppers & Gorillaz Headlining New York's Meadows Music and Arts Festival
Quick Hits: Miley Cyrus, SIA, The National, Modest Mouse
Quick Hits: The Grammy Awards, Imagine Dragons, Calvin Harris, Harry Styles, Katy Perry, The Rolling Stones, Snoop Dogg / Linkin Park
Kendrick Lamar Continues Atop Billboard 200
FMQB NOW

Nicki Farag,
SVP of Promotion,
Def Jam Recordings

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!