UPDATE: See update below regarding sentencing timing. It's been quite awhile since we've been on the […]
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Footnotes: Patel Me This is a Scam; Is Air an Asset or a Liability?; Woe Be Scott London | 09.27.13
Professor Receives Two Prestigious Accounting Awards [Tennessee Today] Natural capital accounting: what's all the fuss […]
KPMG Can’t Control the Scott Londons of the World, Says Scott London
Scott London pleaded guilty in Los Angeles court earlier today, but prior to his appearance, […]
Let’s Ponder Scott London’s Potential Future in the Service Industry
Late yesterday, Scott London appeared in court to be arraigned on charges of securities fraud […]
Accounting News Roundup: Scott London Agrees to Plead Guilty; Business Stands Up for Corporate Interest Deduction; The NFL’s Tax-exempt Status | 05.29.13
Ex-KPMG Partner to Admit Fraud [AP]A former partner at the accounting firm KPMG agreed on […]
Accounting News Roundup: E&Y: Come Clean on Taxes or It’s Curtains; Prepare to Hate Airfare a Little More; Scott London: Watershed for Auditors? | 05.07.13
Senate Passes Wal-Mart Backed Bill for Taxes on Web Sales [Bloomberg]The U.S. Senate voted to […]
ANR: Scott London Was the Wrench in Herbalife’s Buyback Plans; Brits Want More Answers on Google’s Taxes; Trusts Will Take a Hit from Net Investment Tax | 05.01.13
Herbalife says KPMG's resignation hindered stock buybacks [LAT]Herbalife Ltd. said it had to scale back […]
Scott London Won’t Be Making Flirty Comments on the Facebook Page of Bryan Shaw’s Wife Anytime Soon
It was nearly two weeks ago when we learned that ex-KPMG partner had dabbled in insider trading of several KPMG clients, including two — Herbalife and Skechers — that were audit clients of London's. It set off quite a firestorm, however when the criminal complaint against London came out, we discovered that the manner in which he and his golf buddy/watch guy Bryan Shaw conducted this little conspiracy was not too sophisticated. Phone calls. Meetings in parking lots. Black paper bags filled with cash. The Boss. It's what you might expect from a couple of middle-aged bros who had plenty of laughs together at the 19th hole.
Accounting News Roundup: Being a REIT Is So Hot Right Now; Scott London’s Time Away From Skechers; Say Hello to Grant Thornton Kyrgyzstan | 04.22.13
Restyled as Real Estate Trusts, Varied Businesses Avoid Taxes [NYT]The trust structure has been around […]
Accounting News Roundup: Doty: Auditors ‘flirting with stagnation’; Scott London: Cartoon Crook; Who Loves Doing Their Taxes? | 04.19.13
Audit market “flirting with stagnation”, says PCAOB chair [Accountancy Age]The audit market is "flirting with […]
KPMG Insider: Partners Feel Betrayed By Scott London’s Actions
Ed. note: This post was written exclusively for Going Concern by a KPMG veteran employee that wished to remain anonymous.
Let me start by saying I barely know Scott London. I emailed him a couple of times. I may have met him once in person (obviously it didn’t leave much of an impression). That was the extent of my interaction with him. In that limited time he seemed like a nice enough guy but that’s all I know about him. That statement was echoed by a few people I know who did work with him when this story broke. The general consensus was that it sucks that this happened to a nice guy.
Accounting News Roundup: Scott London’s Non-existent Baseball Career; An Alternative Maximum Tax; Trojan Providing Free Stimulus on Tax Day | 04.15.13
Scott London, KPMG Partner Accused Of Insider Trading, Lied About Baseball Career [HP]"There is no […]