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Scott London

Bryan Shaw sentenced to prison in KPMG insider trading case

Bryan Shaw sentenced to prison in KPMG insider trading case

A federal judge sentenced Encino jeweler Bryan Shaw to five months in prison Monday for his role in an insider trading scheme with a KPMG accountant that netted him more than $1.6 million in profits over a two-year period.

Shaw, 53, was sentenced by Los Angeles U.S. District Judge George Wu, who shaved a month and a $3,000 fine off the prosecution's recommendation for a six-month sentence.

The jewelry store owner, who was joined by several family members in court, fought through tears to deliver a handwritten apology to Wu before the sentencing.

"I assure you that you will never, ever see me again," Shaw said.

In a written statement sent to the judge...

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