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KPMG auditor should get 3 years for insider trading, prosecutors say
KPMG auditor should get 3 years for insider trading, prosecutors say

Prosecutors want former KPMG auditing partner Scott London to serve three years in federal prison for giving confidential information about his firm’s clients to a friend, who used the tips to make more than $1 million in illegal stock-trading profits. London pleaded guilty to insider-trading last year and was fired by KPMG. He is scheduled to be sentenced April 21 at U.S. District Court in Los Angeles. Asst. U.S. Atty. James A. Bowman said in a sentencing memo that London had participated in a “calculated and corrupt arrangement” that victimized the companies whose secrets he was paid to protect. Last year, defense attorney Harland Braun argued that London should...

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