Ex-KPMG Partner To Cop To Role In Insider Trading Scheme

Law360, New York (May 28, 2013, 10:06 PM EDT) -- The former head of accounting giant KPMG LLP’s Los Angeles office on Tuesday agreed to plead guilty to securities fraud over his role in an insider trading scheme in which he allegedly leaked confidential information in exchange for bribes in the form of money and luxury goods.

Scott London, whom prosecutors hit Tuesday with one count of securities fraud for insider trading, agreed to plead guilty to that count. The 50-year-old London faces a maximum of 20 years in prison on that count, the U.S. Attorney’s...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.