Wednesday, April 10, 2013

The Fired KPMG Partner Threw Away His 29-Year Career For Some Cash, Fancy Dinners, And A Rolex

Yesterday, KPMG said it fired one of its senior partners for allegedly leaking non-public information in Herbalife and Skechers to a third party who then traded those stocks.

The now-former KPMG senior partner has been identified as Scott London. He was in charge of the audit practice for KPMG in Southern California.

London essentially blew his 29-year accounting career. And for what? According to the LA Times, he got about $25,000 in cash, some fancy dinners and a Rolex watch in exchange for the tips. ...

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