Friday April 25, 2014
Scott London, the KPMG partner pleading guilty for insider trading will serve 14 months and pay a $100,000 fine
This is perhaps one of th emore amazing cases in audit fraud. London gave up inside information for a mere $70,000 and a $12,000 Rolex watch. Presumable he can watch the time pass in prison but without the Rolex which will surely be elswhere.
Was this justice? I would agree that losing the job and the respect of the community is pretty punishing. But it seems to me that community service of
A You Tube video series about what motivated himj to betray his client's trust
Where is he now, what does his family thinnk, divorce is typical in such situations by the way
What does he think the profession ought to do, clearly the Code of Conduct did ont influence this guy
Your take?
Professor Elam 
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