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Skechers gets new auditor after insider-trading allegations
Skechers USA Inc. appointed a new auditor Wednesday to replace its former accounting firm, KPMG, which was rocked by an insider trading scandal and resigned earlier this month. The Manhattan Beach shoe maker’s board of directors named BDO USA as...
Tags: Skechers USA Incorporated, Insider Trading, Accounting and Auditing, Finance, KPMG
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Ex-KPMG auditor Scott London is charged
Prosecutors filed a criminal charge against disgraced former KPMG partner Scott London, saying he gave a stock-trading friend inside information about his firm's clients in exchange for cash, jewelry and expensive dinners. The criminal case filed...
Tags: Skechers USA Incorporated, Finance, Accounting and Auditing, Criminals, Robert J. Lopez
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In KPMG insider trading case, crime and blunders alleged
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...Tags: Skechers USA Incorporated, Yelp, Inc., Court Preliminary, Accounting and Auditing, Finance
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Details emerge in case against ex-KPMG auditor Scott London
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...
Tags: Earnings, Accounting and Auditing, Finance, Economy, Business and Finance, Crime, Law and Justice
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Federal prosecutors charge ex-KPMG auditor Scott London
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....
Tags: Trials, Crime, Law and Justice, Skechers USA Incorporated, Justice System, Insider Trading
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Ex-KPMG partner was sting target
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...Tags: Skechers USA Incorporated, High School Sports, Baseball, Finance, Investment Service
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Friend of ex-partner in KPMG insider-trading scandal identified
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...
Tags: Crime, Law and Justice, Skechers USA Incorporated, Justice System, Insider Trading, FBI
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KPMG scrambles to control damage of insider-trading scandal
NEW YORK — Auditor Scott London isn't the only one dealing with a dented reputation. His former employer, KPMG, is scrambling to do damage control after an insider-trading scandal swept through its Los Angeles office. It has put many of the Big...
Tags: Skechers USA Incorporated, Finance, Accounting and Auditing, Business Enterprises, Economy, Business and Finance
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Timeline of alleged insider-trading dealings involving London
Federal prosecutors say phone and brokerage records show that former KPMG senior auditor Scott London and golfing buddy Bryan Shaw spoke by telephone several times in advance of significant news in companies that were clients of KPMG. After the news...Tags: Stock Options, Rentals, Pacific Capital Bancorp, FBI, Deckers Outdoor Corporation
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KPMG partner shown accepting bribe for inside information
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...
Tags: Skechers USA Incorporated, Insider Trading, Finance, Accounting and Auditing, KPMG
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Anxiety high at KPMG's office in Los Angeles
Accounting offices are normally so staid and quiet you can hear the gentle purr of the air-conditioning system. Not so at KPMG’s Los Angeles office in the wake of an unfolding insider-trading investigation involving a former colleague. Full...
Tags: Accounting and Auditing, Arthur Andersen
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KPMG auditor was photographed accepting cash bribe over coffee
It was the Starbucks sting. The defining moment in the KPMG insider-trading scandal happened over coffee at a Starbucks in the San Fernando Valley, when the auditor at the center of the case was set up by his longtime friend. Accountant Scott London...
Tags: Skechers USA Incorporated, Insider Trading, FBI, Accounting and Auditing, Starbucks Corp.
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