Here's A Photo Of Ex-KPMG Exec Allegedly Getting Cash For Insider Tips
Federal prosecutors in Los Angeles have filed criminal charges against former
KPMG recently fired London, for allegedly leaking non-public information on Herbalife and Sketchers. London is said to have tipped off a third party, which the SEC alleges is his friend Bryan Shaw. Shaw reportedly made over $1.2 million trading off those tips.
Now CNBC has tweeted an image from the SEC complaint that seems to show London allegedly receiving one of many $5,000 payments for the information from Shaw. CNBC reports that London typically got 10 percent of Shaw's profits.
An SEC press release said Shaw gave London at least $50,000 in cash, a Rolex watch, jewelry, meals and tickets to entertainment.
'Exhibit A' in insider trading charges against ex-KPMG partner Scott London & friend Brian Shaw. (via SEC complaint) twitter.com/CNBCnow/status…
— CNBC Newsroom (@CNBCnow) April 11, 2013
Click here for the entire SEC complaint.
- 6 reasons why you should visit Ladakh this summer
- TVS iQube gets a new variant priced under ₹1 lakh, ST variant gets a bigger battery
- As English players begin their premature IPL exodus, Gavaskar calls for action against England Cricket Board
- Top 10 destinations for river rafting in India in 2024
- Should you enrol your child in an online university like IGNOU?
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market