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KPMG fires a senior partner in L.A. for alleged insider trading
KPMG, one of the country's biggest auditing firms, has fired a senior partner in its Los Angeles office for allegedly engaging in an insider-trading scheme. The partner passed confidential client information to someone who then traded stocks in...Tags: FBI, Mary Jo White, JC Penney Company Inc., Fraud, Corporate Crime
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Skechers exec on KPMG firing its auditor: 'It's unbelievable'
David Weinberg, the finance and operating chief of footwear company Skechers, said the insider trading allegations directed at former KPMG auditor Scott London are “unbelievable.” Skechers, based in Manhattan Beach, along with Los Angeles...
Tags: Accounting and Auditing, Herbalife Limited, Manhattan (New York City)
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Skechers shares resume trading amid KPMG insider trading probe
Trading in shares of Skechers USA Inc. has resumed after being halted earlier Tuesday morning following KPMG’s resignation as the footwear company’s auditor. KPMG, which fired a senior partner in its Los Angeles office amid allegations of...
Tags: Accounting and Auditing, Economy, Business and Finance, Herbalife Limited, Finance, Skechers USA Incorporated
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Never mind
Last year, Congress showed a rare bit of shame after "60 Minutes" reported on stock trading by key members of the House and Senate that smelled of opportunism. The TV show spotlighted the trading activity of Republican House Speaker John Boehner of...
Tags: Barack Obama, State of the Union Address, U.S. Congress, Spencer Bachus, Politics
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Herbalife investors meet -- briefly
Herbalife would seem to have a lot to talk about with its investors, but you'd never know it from Thursday's annual shareholder meeting in Beverly Hills. It lasted less than 15 minutes. Executives didn't address claims raised by hedge fund manager...
Tags: Economy, Business and Finance, Carl Icahn, Shareholders, University of Delaware, Fraud
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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: Scott London, Accounting and Auditing, Economy, Business and Finance, Ford Motor Co., Herbalife Limited
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Former Office Depot exec pays $30K to settle insider trading charges
A former Office Depot president and chief operating officer is paying the U.S. Securities and Exchange Commission more than $30,000 to settle insider trading charges without admitting guilt. Mark D. Begelman, 65, of Delray Beach abused his membership...Tags: Office Depot Inc., Stock Broking, Economy, Business and Finance, Companies and Corporations, B F C Financial Corporation
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Repeal of insider trading ban frees top officials to line their pockets again
Congress passed the Stop Trading on Congressional Knowledge (STOCK) Act in 2012 in response to the public outcry over members' self-serving insider trading scandal last year. As with most laws, what is a crime for citizens was not illegal or unethical for...Tags: U.S. Congress, Randallstown, Politics
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Profits crater for equipment maker Caterpillar as mining slumps
Heavy-equipment maker Caterpillar Inc. reported a 45% drop in first-quarter profit and cut its full-year outlook amid a slowdown in its mining business. The Peoria, Ill., company said mining companies continue to reduce their spending and new...
Tags: Caterpillar Inc., Mining, Metal and Mineral, Media Industry
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Venture-capital funding drops sharply in Southern California
Southern California is a hotbed of young and innovative companies, but you wouldn’t know it by following the money. Venture-capital funding, the lifeblood of start-ups, has fallen sharply in the region so far this year, according to a report...
Tags: Economy, Business and Finance, Finance
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Apple shares tumble as stocks fall for second day in last three
The stock market endured its second broad decline in three days, as investors fretted about weak earnings in the U.S. and deepening economic stagnation in Europe. Companies ranging from Apple Inc. to Bank of America Corp. were battered as investors fled...
Tags: Apple Inc., Financial Markets, European Debt Crisis, Stock Market, Bank of America Corp.
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Letters: Numbers don't tell the full story about fraud
Re "Ex-KPMG accountant is charged," Business, April 12 For the 25 years I ran the California Community Foundation, KPMG was our auditing firm. For 10 of those years, our auditor was Scott London, the former KPMG auditor accused of fraud. I knew London...Tags: Scott London, Trials, Accounting and Auditing, Countrywide Financial Corp., KPMG
Apr 9, 2013
|Story| Los Angeles Times
Apr 9, 2013
|Story| Los Angeles Times
Apr 9, 2013
|Story| Los Angeles Times
Apr 27, 2013
|Story| Chicago Tribune
Apr 26, 2013
|Story| Los Angeles Times
Apr 24, 2013
|Story| Los Angeles Times
Apr 23, 2013
|Story| South Florida Sun-Sentinel
Apr 24, 2013
|Story| Baltimore Sun
Apr 22, 2013
|Story| Los Angeles Times
Apr 18, 2013
|Story| Los Angeles Times
Apr 17, 2013
|Story| Los Angeles Times
Apr 16, 2013
|Story| Los Angeles Times
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