Daily News: May 29, 2013

Bloomberg: Ex-KPMG Auditor to Plead Guilty to Insider-Trading

Bloomberg reported that former KPMG partner Scott London agreed to a guilty plea to leaking confidential information about clients to a friend who then made more than $1 million trading on the inside scoop.

The article said, according to a statement from U.S. Attorney Andre Birotte Jr., that London faces a maximum possible penalty of 20 years in prison.

To read the entire Bloomberg story, click here.

Previously on abfjournal.com:

SEC Charges Ex-KPMG Partner, Friend With Insider Trading, Friday, April 12, 2013