Tuesday, 1 December 2015
Last updated 5 hours ago
Jun 25 2013 | 9:39am ET
The former KPMG partner who gave confidential information about several companies the accounting firm audited will at last plead guilty next week.
Scott London will enter his new plea on Monday before U.S. District Judge George Wu in Los Angeles. A not-guilty plea was entered for London, who quickly admitted his crimes when confronted by authorities earlier this year, so that the case could be transferred to Wu, who is presiding over the case against the beneficiaries of London's tips, his friend Bryan Shaw.
Shaw, who made about $1 million trading on tips about Herbalife, Skechers USA and other companies, is also to plead guilty.
London faces up to 20 years in prison on the single count of securities fraud he'll plead to.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…