As expected, former regional audit PIC Scott London entered a guilty plea on Monday to one count of securities fraud. Sentencing is set for October 21, 2013.
In the 90 minutes since I saw the first report, over 30 hits show up on an internet search. I’m sure there will be many dozens more in the next few hours.
Three initial articles I saw:
- Los Angeles Times – Former KPMG partner Scott London pleads guilty to insider trading
- Bloomberg – Ex-KPMG Auditor London Pleads Guilty to Insider Trading
- Wall Street Journal – Former KPMG Partner Pleads Guilty to Securities Fraud