Inside Trader Gets|5-Month Sentence

     LOS ANGELES (CN) – The owner of an Encino jewelry store who made $1.6 million trading on inside information he got from a senior partner at KPMG was sentenced Monday to 5 months in federal prison.
     Bryan Shaw was not fined; he already has had to disgorge $1.3 million to the SEC and pay a penalty of $636,000.
     The man who gave him the inside information, Scott London, 51, of Agoura Hills, was sentenced in April to 14 months in federal prison, and fined $100,000.
     London over KPMG’s audits for the Pacific Southwest until he was fired last year. He had worked at KPMG for 28 years. Shaw was a longtime friend.

%d bloggers like this: