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."
6:34 PM PDT, April 11, 2013
Prosecutors filed a criminal charge against disgraced former KPMG partner Scott London, saying he gave a stock-trading friend inside information about his firm's clients in exchange for cash, jewelry and expensive dinners.
6:10 PM PDT, April 11, 2013
It's the kind of audacious but small-stakes insider trading that normally wouldn't have merited much attention.
2:14 PM PDT, April 11, 2013
Scott London, the auditor fired by KPMG, appeared before a federal judge Thursday to answer to accusations that he helped orchestrate an insider-trading scheme that racked up $1.3 million in ill-gotten gains.
12:20 PM PDT, April 11, 2013
The KPMG insider trading scam was far more profitable than earlier known and went longer than thought.
10:50 AM PDT, April 11, 2013
One of the most damaging pieces of evidence in the case against former KPMG senior partner Scott London, charged with criminal insider trading, is a photograph that allegedly shows London accepting an envelope stuffed with cash from his friend, a jeweler named Bryan Shaw.
1:31 PM PDT, April 11, 2013
11:27 AM PDT, April 11, 2013
10:37 AM PDT, April 11, 2013
The U.S. Department of Justice has charged Scott London, the former KPMG auditor who passed non-public information about Herbalife Ltd. and Skechers USA Inc. to a friend, with criminal insider trading.
7:00 PM PDT, April 10, 2013
It was the Starbucks sting.
12:33 PM PDT, April 10, 2013
It was the Starbucks sting.
6:05 PM PDT, April 10, 2013
The friend who traded on insider trading tips provided by a former KPMG accountant is Bryan Shaw, his lawyer said late Wednesday.
9:27 AM PDT, April 10, 2013
Accounting offices are normally so staid and quiet you can hear the gentle purr of the air-conditioning system.
8:57 AM PDT, April 10, 2013
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.
8:15 AM PDT, April 10, 2013
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.
April 10, 2013
This was the last thing Herbalife Ltd. needed.
5:00 AM PDT, April 10, 2013
Scott London, a Los Angeles partner in one of the nation's largest accounting firms, says it began four years ago.
3:53 PM PDT, April 9, 2013
Herbalife maintained that its financial statements are sound and reliable amid news that its auditor is in the middle of an insider-trading investigation.
12:13 PM PDT, April 9, 2013
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.
4:23 PM PDT, April 9, 2013
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.”
7:05 AM PDT, April 9, 2013
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.
10:09 AM PDT, April 9, 2013
Trading in shares of Skechers USA Inc. has resumed after being halted earlier Tuesday morning following KPMG’s resignation as the footwear company’s auditor.
8:53 AM PDT, April 9, 2013
KPMG has resigned as Herbalife's auditor after the auditing firm fired a senior partner in its Los Angeles office because of an alleged insider-trading scheme.
7:34 AM PDT, April 9, 2013
Trading in stock of Herbalife, the Los Angeles-based nutritional supplement maker and distributor, was reportedly halted Tuesday morning for a forthcoming news announcement.
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