Wednesday, 6 May 2015
Last updated 14 hours ago
Jun 19 2013 | 9:43am ET
The former KPMG partner who has admitted to passing tips about several companies to a friend was arraigned on fraud charges this week—with a not-guilty plea entered on his behalf.
Scott London's procedural profession of innocence won't last long: He will plead guilty once his case is transferred to U.S. District Judge George Wu, who is overseeing the case against the beneficiary of his tips, Bryan Shaw. Shaw is also to plead guilty.
London faces up to 20 years in prison on the securities fraud count. He is expected change his plea within days.
At the arraignment, London spoke with reporters, telling them he was "shocked" that Shaw had made $1 million trading on tips about Herbalife and Skechers USA, while he himself had received about $70,000 in kickbacks. And he discussed his future plans.
"I won't be practicing before the SEC, but it'll be something," he said. "I'll wait tables."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…