A former senior KPMG partner in Los Angeles has been charged with passing confidential information about clients to a close friend in exchange for cash bribes.
In a criminal complaint filed on Thursday, Scott London, former chief of KPMG’s audit practice for the Southwestern United States, was accused of helping Bryan Shaw, the owner of a local jewelry business, obtain more than $1 million in illegal profits from the insider information. London was charged with one count of conspiracy to commit securities fraud through insider trading. Separately, the U.S. Securities and Exchange Commission filed a civil action against London and Shaw.
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