April 11, 2013 |
One of the most damaging pieces of evidence in the case against former KPMG senior partner Scott London, charged with criminal insider trading, is a photograph that allegedly shows London accepting an envelope stuffed with cash from his friend, a jeweler named Bryan Shaw. Federal prosecutors say London gave secret financial information about two Southern California companies to Shaw in exchange for thousands of dollars. Prosecutors said Shaw made more than $1 million in illegal profits through trades on the two companies, Herbalife Ltd. and Skechers USA Inc. Full coverage: KPMG auditor accused of insider trading London, 50, who spent more than two decades as an auditor for the accounting powerhouse, was fired last week after acknowledging his role in the insider trading case.
April 10, 2013 |
It was the Starbucks sting. The defining moment in the KPMG insider-trading scandal happened over coffee at a Starbucks in the San Fernando Valley, when the auditor at the center of the case was set up by his longtime friend. Accountant Scott London thought he was meeting for a casual coffee, until the friend handed him an envelope containing $5,000 cash - a payoff for giving his buddy inside information about public companies that KPMG audited. Unbeknownst to London, the FBI was secretly photographing the exchange, a source familiar with the matter said.
March 19, 2013 |
Microsoft is being investigated by federal agencies for allegedly bribing foreign government officials in order to secure software contracts, according a report Tuesday. The Justice Department and the Securities and Exchange Commission are looking into allegations that the Redmond-Wash. tech company and its partners offered kickbacks to officials in China, Romania and Italy, according to the Wall Street Journal. The investigation comes after the agencies were tipped off by an anonymous whistle-blower.
CALIFORNIA | LOCAL
March 5, 2013 |
SAN DIEGO - Two defense contractors and a corporation have been found guilty of being part of a fraud and bribery scheme involving phony payments for the repair of military aircraft at North Island Naval Air Station in Coronado. Robert Ehnow and Joanne Loehr, owners of Poway-based companies, were convicted Monday of showering Navy officials with gifts and cash in exchange for millions of dollars in payments for work supposedly done on planes at the Fleet Readiness Center. Loehr's firm, Centerline Industrial Inc., also was convicted.
March 2, 2013 |
The Las Vegas casino company headed by high-profile Republican donor and billionaire Sheldon Adelson said it probably violated a federal law that prohibits the bribery of foreign government officials. Las Vegas Sands Corp. said its auditors found that "there were likely violations" of the Foreign Corrupt Practices Act, which bars Americans from bribing foreign officials to secure an advantage. The disclosure was made in a filing Friday with the Securities and Exchange Commission.
CALIFORNIA | LOCAL
February 27, 2013 |
A former Cudahy councilman was sentenced Monday to three years in federal prison for his role in an extortion and bribery case that authorities say exposed widespread corruption in the southeast Los Angeles County city. Osvaldo Conde is the last of three officials to be sentenced in the federal case. U.S. Atty. Joseph Akrotirianakis recommended that Conde receive seven years in prison. "We sought a higher sentence for him because he was the leader of the criminal activity in which all defendants were involved," Akrotirianakis said.
February 7, 2013 |
KABUL, Afghanistan -- Afghans paid bribes totaling about $3.9 billion last year -- twice the country's domestic revenue -- and two-thirds of the population says it's acceptable for civil servants to take kickbacks for providing basic services, according to a U.N. survey released Thursday. The results indicate corruption is deeply rooted in Afghanistan despite President Hamid Karzai's pledges to clean up the problem and years of internationally backed efforts to curb the country's extensive networks of bribery and patronage.
CALIFORNIA | LOCAL
February 6, 2013 |
The U.S. attorney on Wednesday filed a single bribery charge against a retired inspector at the Los Angeles Department of Building and Safety, making him the third employee of the agency to face federal criminal prosecution in less than two years. Samuel In, 65, agreed to plead guilty to a count of felony bribery stemming from a 2008 incident in which he accepted $5,000 in cash from a Koreatown businessman, according to documents filed in federal court. As part of his plea agreement, In admitted to accepting more than $30,000 worth of bribes involving at least a dozen properties that he handled in his official capacity between March 2007 and December 2010, said Assistant U.S. Atty.
CALIFORNIA | LOCAL
January 29, 2013 |
A former Cudahy mayor was sentenced Monday to a year in federal prison for his part in taking $17,000 in bribes from a man who wanted to open a medical marijuana dispensary in the city in southeast Los Angeles County. David Silva, 62, is the second Cudahy official to be sentenced after pleading guilty to bribery and extortion. As in the previous case, U.S. District Judge Manuel Real ignored the prosecutor's sentencing recommendation. In Silva's case, Assistant U.S. Atty. Joseph Akrotirianakis recommended that he receive 41 months in prison.
November 19, 2012 |
At some schools in Chicago, very few parents show up for their conferences with teachers, a situation that Mayor Rahm Emanuel (Chicago is one of the cities with mayoral control of schools) proposes to fix with, let's face it, a bribe . Parents at 70 schools who show up in person to pick up their child's report card and have the related conference with the teacher will receive a Walgreens loyalty card, preloaded with enough points to provide them with $25 worth of free merchandise.