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Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

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.

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