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February 3, 2023

Former KPMG Partner’s ex-Golf Buddy/Co-conspirator Pleads Guilty in Insider Trading Case

Bryan Shaw, the man who provided ex-KPMG partner Scott London with Springsteen tickets, discount Rolexes, and black paper bags filled with cash in broad daylight, pleaded guilty to one count of conspiracy to commit securities fraud today.

Bryan Shaw, the man who provided ex-KPMG partner Scott London with Springsteen tickets, discount Rolexes, and black paper bags filled with cash in broad daylight, pleaded guilty to one count of conspiracy to commit securities fraud today. It's so easy when people are cooperative, isn't it? Oh, and speaking of cooperating:

In exchange for cooperating with the investigation and pleading guilty, Shaw might get a lighter punishment. Under his plea agreement, the government said that as long as prosecutors are satisfied with Shaw's cooperation, they will recommend a two-level reduction in the offense level that dictates sentencing guidelines. A spokesman for the U.S. Attorney's Office said the maximum sentence for a conspiracy count was five years. He declined to speculate on how much of a sentence reduction Shaw could get.

Scott London will get his turn on May 17th. His lawyer has said he plans to plead guilty. 

[Reuters]

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