Search Results for: london interview

Former KPMG partner Scott London was arraigned today according to several news reports. He is free on $150,000 bail.

His attorney suggested Mr. London will plead guilty at the May 17 hearing.

Check out:

• Wall Street Journal – Secret Recordings, Cash in Insider Sting – info on court hearing is in the 7th paragraph
• Los Angeles Times – Former KPMG auditor Scott London appears in court – good picture of Mr London and his attorney.
• Bloomberg – Ex-KPMG Partner London Will Plead Guilty, Lawyer Says – best of the three articles

An idea on why there’s the admission during first interview and likely fast guilty plea

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KPMG partner arraigned – might plead guilty – hint on how to avoid jail time?Read More »

The KPMG insider trading fiasco is far worse that indicated in first reports.

• The amounts allegedly paid to the partner are larger than initial reports.
• The government alleges confidential information was passed on 5 companies, not 2. 
• The government alleges the CPA partner actively planned with his golf buddy when to buy and sell which stocks and options.

The Wall Street Journal had the first report I saw announcing Scott London, regional PIC at KPMG in LA has been indicted for securities fraud on Thursday morning – Substantially expanded article from the first announcement is here:  Former KPMG Partner Charged.

The indictment is available on FoxBusiness – Ex-KPMG Exec Charged in Insider Trading Scam.

The indictment has a number of interesting comments: …

KPMG partner indicted for insider trading. Indictment shows fiasco is far worse than shown in initial reportsRead More »