Full coverage: KPMG auditor accused of inside trading

Prosecutors dispute Scott London’s claim that his role in insider trading was minimal.

Former auditor Scott London and pal Bryan Shaw committed missteps that virtually guaranteed their downfall, according to experts and a criminal complaint.

Scott London, the auditor fired by KPMG, appeared before a federal judge Thursday to answer to accusations that he helped orchestrate an insider-trading scheme that racked up $1.3 million in ill-gotten gains.

The KPMG insider trading scam was far more profitable than earlier known and went longer than thought.

One of the most damaging pieces of evidence in the case against former KPMG senior partner Scott London, charged with criminal insider trading, is a photograph that allegedly shows London accepting an envelope stuffed with cash from his friend, a jeweler named Bryan Shaw.

The U.S.

Scott London, fired in insider trading case, says he ‘felt about as bad as you could feel.’

It was the Starbucks sting.

The friend who traded on insider trading tips provided by a former KPMG accountant is Bryan Shaw, his lawyer said late Wednesday.

Accounting offices are normally so staid and quiet you can hear the gentle purr of the air-conditioning system.

The sinking feeling that his life was about to capsize hit Scott London when the FBI knocked on the door of his Agoura Hills home one morning a couple of weeks ago.

NEW YORK -- A former senior KPMG auditor’s leaks could threaten the reputation of one of the country’s biggest accounting firms, industry experts said.

KPMG insider-trading scandal comes as L.A. firm fights pyramid scheme accusation.

“Every day since this occurred I’m saying to myself how stupid I am,� Scott London said. “I have no idea what I was thinking.�

Herbalife maintained that its financial statements are sound and reliable amid news that its auditor is in the middle of an insider-trading investigation.

Several sources have identified an audit manager of accounting giant KPMG’s Los Angeles office as the executive at the center of an insider-trading investigation that involved shares of Herbalife Ltd. and Skechers USA Inc.

Scott London, the KPMG auditor accused of insider trading, said he was caught up in a federal investigation after he leaked clients’ information “in an effort to help out someone whose business was struggling.�

KPMG, one of the country’s biggest auditing firms, has fired a senior partner in its Los Angeles office for allegedly engaging in an insider-trading scheme.

Trading in shares of Skechers USA Inc. has resumed after being halted earlier Tuesday morning following KPMG’s resignation as the footwear company’s auditor.

KPMG has resigned as Herbalife’s auditor after the auditing firm fired a senior partner in its Los Angeles office because of an alleged insider-trading scheme.

Trading in stock of Herbalife, the Los Angeles-based nutritional supplement maker and distributor, was reportedly halted Tuesday morning for a forthcoming news announcement.