May 20, 2013 |
A San Fernando Valley jeweler pleaded guilty Monday to a conspiracy charge in an insider-trading case and agreed to turn over $1.27 million in stock-trading gains made from tips allegedly provided by a then partner at accounting giant KPMG. Bryan Shaw, 52, of Lake Sherwood admitted to conspiring with KPMG auditor Scott London to trade in the stocks of the accounting firm's clients. The pair was longtime friends who enjoyed golfing together. With a swift "Guilty, your honor," Shaw entered his plea before U.S. District Court Judge George H. Wu in Los Angeles.
August 3, 2000 |
As a cornetist, 46-year-old Costa Mesa resident Bryan Shaw has played all kinds of music, from symphonic pieces to rock, from light opera to gospel. As a recording engineer, he has mastered more than 1,000 recordings representing all genres. Ask Shaw which music he enjoys hearing and playing most, and he'll send you back 70 and 80 years to Louis Armstrong and the early days of jazz.
June 17, 2013 |
The arraignment for Scott London, the former KPMG auditor accused of participating in an insider trading scheme that netted over $1 million, was postponed Monday to an unknown date. It was pushed back because federal prosecutors expect to move the matter before a different judge -- U.S. District Court Judge George H. Wu, who is overseeing the case for Bryan Shaw, the other defendant involved in the alleged crime. The U.S. Department of Justice charged London with one count of conspiracy to commit securities fraud through insider trading.
April 11, 2013 |
It's the kind of audacious but small-stakes insider trading that normally wouldn't have merited much attention. Golfing buddies Scott London and Bryan Shaw netted just $1.3 million, a blip in a world where Wall Street kingpins pocket hundreds of millions in ill-gotten gains. The two men made one misstep after another. Their haplessness virtually guaranteed they'd get nailed, experts said. The scope of their ill-fated caper was made clear Thursday when federal prosecutors in Los Angeles filed a criminal charge against London, alleging that he passed insider tips to Shaw from 2010 to 2013.
October 23, 2013 |
Former KPMG partner Scott London should be sentenced to three years in prison for selling secret information about the accounting firm's clients to a stock-trading friend, who used the tips to make more than $1.2 million in profitable trades, the federal probation office has recommended. London, who supervised a team of auditors at KPMG's Los Angeles office, was charged with insider trading in April after FBI agents secretly photographed him accepting cash from his friend, Encino jeweler Bryan Shaw, as payment for past tips about the accounting firm's clients.
October 23, 2013 |
Former KPMG auditing partner Scott London should spend three years in prison on his insider-trading conviction for selling secret information about the accounting firm's clients to a stock-trading friend, the federal probation office in Los Angeles recommended. The tips to Encino jeweler Bryan Shaw resulted in nearly $1.3 million in profitable trades, prosecutors alleged. The probation office, in a confidential report, recommended the prison term, and the information was disclosed in court papers filed recently by London's attorney, Harland Braun.