Insider Trading

Enron's Jeff Skilling doesn't deserve a break

2013-05-17 19:20:00

As if you didn't know this already, we're coddling criminals in America. By that I don't mean the petty drug dealers, three-strikes necklace-snatchers and other mooks filling up our state prisons; many of them are doing hard time. I'm talking about...

Jeweler agrees to plead guilty in KPMG insider-trading case

2013-05-07 00:00:00

A San Fernando Valley jeweler agreed to plead guilty to a conspiracy charge and return nearly $1.3 million in stock-trading gains he made from allegedly illegal tips provided by a former partner at accounting giant KPMG. Bryan Shaw, 52, of Lake Sherwood...

Jeweler agrees to plead guilty in KPMG insider-trading case

2013-05-06 14:30:00

A San Fernando Valley jeweler has agreed to plead guilty to conspiracy for allegedly making illegal stock trades based on inside information given to him by a KPMG partner. Bryan Shaw, 52, of Lake Sherwood admitted in a plea agreement that he...

Herbalife says KPMG's resignation hindered stock buybacks

2013-05-01 00:00:00

Herbalife Ltd. said it had to scale back plans to repurchase its shares after KPMG resigned in early April as its auditor and withdrew its review of the company's annual financial statements for the last three years. The Los Angeles nutritional products...

Herbalife posts record results

2013-04-29 19:20:00

Herbalife Ltd. has now notched 17 consecutive quarters in which its profits sailed past Wall Street projections. The Los Angeles nutritional products company told investors Monday that earnings during the first three months of the year climbed nearly...

Herbalife effort to replace KPMG 'nearing completion,' CFO says

2013-04-30 10:24:00

Herbalife Ltd. is making progress in its search for a new accounting firm, executives said during a conference call with analysts Tuesday. The Los Angeles nutritional products company was forced to hire a new accounting firm after KPMG resigned...

Herbalife posts better-than-expected earnings, again

2013-04-29 13:44:00

Los Angeles nutritional products company Herbalife Ltd. reported $1.1 billion in first-quarter sales and profit that soundly beat analysts' expectations and its own guidance. The company reported earnings of $118.8 million, or $1.10 a share, up from...

In KPMG insider trading case, crime and blunders alleged

2013-04-11 18:10:00

It's the kind of audacious but small-stakes insider trading that normally wouldn't have merited much attention. Golfing buddies Scott London and Bryan Shaw netted just $1.3 million, a blip in a world where Wall Street kingpins pocket hundreds of...

Details emerge in case against ex-KPMG auditor Scott London

2013-04-11 12:20:00

The KPMG insider trading scam was far more profitable than earlier known and went longer than thought. Scott London, the disgraced ex-auditor from KPMG's office in Los Angeles, has been charged in a federal complaint with one count of conspiracy to...

Federal prosecutors charge ex-KPMG auditor Scott London

2013-04-11 10:37:00

The U.S. Department of Justice has charged Scott London, the former KPMG auditor who passed non-public information about Herbalife Ltd. and Skechers USA Inc. to a friend, with criminal insider trading. London, 50, is scheduled to be arraigned at 2 p.m....

Ex-KPMG partner was sting target

2013-04-10 19:00:00

It was the Starbucks sting. The defining moment in the KPMG insider-trading scandal took place over coffee at a Starbucks in the San Fernando Valley, where the accountant at the center of the case was set up by his longtime friend. Scott London...

Friend of ex-partner in KPMG insider-trading scandal identified

2013-04-10 18:05:00

The friend who traded on insider trading tips provided by a former KPMG accountant is Bryan Shaw, his lawyer said late Wednesday. Shaw, an Encino jeweler, used information about Herbalife Ltd. and Skechers USA Inc. to profit in the stock market. He...

Scott London, left, is shown in an FBI photograph allegedly accepting a cash payment from Bryan Shaw this year.

2013-04-11 18:06:04

Scott London, left, and attorney Harland W. Braun, right, walk toward the federal courthouse in downtown Los Angeles, where London will be arraigned. London, who was a partner at KPMG, is suspected of insider trading.

2013-04-11 00:00:00

The offices of accounting firm KPMG in Los Angeles.

2013-04-09 00:00:00