Scott London, the former partner in charge of KPMG’s Pacific Southwest audit practice, talked about what led up to his fraud conviction and insider trading charges during a webinar before he begins a 14-month prison term next month.
London pleaded guilty last year to passing along inside information about several of KPMG’s audit clients to a friend, jeweler Bryan Shaw, who used the information to trade stocks of companies such as the weight loss and nutrition firm Herbalife and the shoe manufacturer Skechers (see SEC Charges Former KPMG Partner with Insider Trading and Former KPMG Auditor Scott London Pleads Guilty to Insider Trading).
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