(Bloomberg) A former senior KPMG LLP partner, Scott London, pleaded guilty to leaking confidential information about the audit firm’s clients to a friend who made more than $1 million trading on the inside information.
London, 50, admitted to one count of securities fraud at a hearing today in federal court in Los Angeles. He faces as long as 20 years in prison at his sentencing scheduled for Oct. 21 before U.S. District Judge George Wu.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access