Wednesday, 4 March 2015
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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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…