Scott London, the former Los Angeles KPMG partner who pled guilty to insider trading, is out of prison – and back to work.
London since April has been an assistant to the chief financial officer of a local computer company in the Los Angeles area, according to his LinkedIn profile, and he appeared Monday in an educational webcast on accounting ethics. In an interview with the Business Journal, he declined to disclose the identity of his new employer.
He was sentenced last year to 14 months in federal prison. The sentence was later shortened to one year for good behavior. He was released earlier this year from the minimum security Federal Correctional Institution Lompoc in Ventura County and will finish a four-month stint at a halfway house this week. He will then be under home detention at his Agoura Hills residence until July 25.
“It feels great to be back with my family,” London wrote in an email to the Business Journal.“It is also nice to be working full time and making a positive contribution to the workforce. I am enjoying what I am doing and looking forward to the future.”
The former KPMG partner previously oversaw audits for downtown L.A.’s Herbalife Ltd. and Manhattan Beach’s Skechers USA Inc. and admitted to sharing confidential information about those firms with a stock-trading friend. London gained tens of thousands of dollars in cash, concert tickets and jewelry from the friend while sacrificing a $900,000-a-year job and a three decade career at the Big Four accounting firm.
Both Herbalife and Skechers switched auditors in the wake of the scandal, delaying 2013 financial filings.
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