A FORMER KPMG AUDIT PARTNER has been handed a 14-month jail term for insider trading by a federal judge in Los Angeles, Reuters reports.
Scott London leaked information relating to the audits of LA Galaxy sponsor and nutritionist Herbalife, and shoe-maker Skechers.
The Big Four firm was forced to drop its audits with both businesses amid an FBI investigation into the allegations.
London, who had been with the firm for 30 years, exchanged cash and jewellery with a golfing buddy, Bryan Shaw, for the information he obtained in his role as auditor.
Last year Shaw allowed FBI agents to record calls with London by wearing a recording device as part of a plea bargain, while London later admitted wrongdoing.
In addition to his sentence, judge George Wu also ordered London to pay a $100,000 fine.
Rowan Williams will be responsible for growing the firm’s presence in the Gatwick Diamond and across the south east
Kevin Humphreys joins the insolvency and restructuring firm from the National Crime Agency (NCA) Economic Crime Command
Ann Pomfret joins the Manchester office from BDO
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks