BUSINESS

Full coverage: KPMG auditor accused of inside trading

Scott London, the KPMG auditor accused of insider trading, told The Times that he was caught up in a federal investigation after he leaked clients' information "in an effort to help out someone whose business was struggling."

  • Friend of ex-partner in KPMG insider-trading scandal identified

    Friend of ex-partner in KPMG insider-trading scandal identified

    The friend who traded on insider trading tips provided by a former KPMG accountant is Bryan Shaw, his lawyer said late Wednesday. Shaw, an Encino jeweler, used information about Herbalife Ltd. and Skechers USA Inc. to profit in the stock market. He got the tips from Scott London, a 29-year veteran...

  • Anxiety high at KPMG's office in Los Angeles

    Anxiety high at KPMG's office in Los Angeles

    Accounting offices are normally so staid and quiet you can hear the gentle purr of the air-conditioning system. Not so at KPMG’s Los Angeles office in the wake of an unfolding insider-trading investigation involving a former colleague. Full coverage: KPMG auditor accused of insider trading According...

  • Visit from FBI the end for auditor in KPMG insider-trading scandal

    Visit from FBI the end for auditor in KPMG insider-trading scandal

    The sinking feeling that his life was about to capsize hit Scott London when the FBI knocked on the door of his Agoura Hills home one morning a couple of weeks ago. As the ex-KPMG auditor said in an interview with the Los Angeles Times, he was about to leave for work when a pair of FBI agents flashed...

  • Insider-trading scandal poses risks to KPMG's reputation

    Insider-trading scandal poses risks to KPMG's reputation

    NEW YORK -- A former senior KPMG auditor's leaks could threaten the reputation of one of the country's biggest accounting firms, industry experts said. Auditors like Scott London, a former senior partner in KPMG's office in Los Angeles, are privy to client companies' financial secrets -- valuable...

  • Herbalife is rocked by new crisis

    Herbalife is rocked by new crisis

    KPMG insider-trading scandal comes as L.A. firm fights pyramid scheme accusation.

  • Fired KPMG auditor can't explain 'lapse of judgment'

    Fired KPMG auditor can't explain 'lapse of judgment'

    "Every day since this occurred I'm saying to myself how stupid I am," Scott London said. "I have no idea what I was thinking."

  • Financial statements sound, Herbalife says amid insider-trading probe

    Financial statements sound, Herbalife says amid insider-trading probe

    Herbalife maintained that its financial statements are sound and reliable amid news that its auditor is in the middle of an insider-trading investigation. Scott London, 50, a senior partner with KPMG, was ousted by his company after it learned the Department of Justice was investigating him for...

  • Fired KPMG auditor of Herbalife and Skechers is identified

    Fired KPMG auditor of Herbalife and Skechers is identified

    Several sources have identified an audit manager of accounting giant KPMG’s Los Angeles office as the executive at the center of an insider-trading investigation that involved shares of Herbalife Ltd. and Skechers USA Inc. Scott London, partner-in-charge of KPMG’s audit practice in Southern California,...

  • 'What I have done was wrong,' says auditor accused of insider trading

    'What I have done was wrong,' says auditor accused of insider trading

    Scott London, the KPMG auditor accused of insider trading, said he was caught up in a federal investigation after he leaked clients’ information “in an effort to help out someone whose business was struggling.” London told The Times that he provided the information on Herbalife and Skechers for...

  • KPMG fires a senior partner in L.A. for alleged insider trading

    KPMG fires a senior partner in L.A. for alleged insider trading

    KPMG, one of the country's biggest auditing firms, has fired a senior partner in its Los Angeles office for allegedly engaging in an insider-trading scheme. The partner passed confidential client information to someone who then traded stocks in several West Coast companies, KPMG said in a statement...

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