Tragedy of Fraud - Insider Trading Edition: The fall from Big 4 audit partner to prison inmate

Scott London’s fall from the peak of his professional career to the low of spending over a year of his life in a federal penitentiary captured the attention of the business community for a year. March 2013: Scott London was a partner in the international accounting firm of KPMG. He was in charge of the audit practice for the southwest region with responsibility and authority over 500 accountants. That would be the dream job of a lifetime with a paycheck to match.April 2013: We saw his photograph on the front page of major national newspapers. He was accepting an envelope of cash from his golf buddy as payment for information that was used for illegal stock trading. April 2014: He was in front of a federal judge learning he would spend 14 months in federal prison for insider trading. Jail time and a fine is just the start of a long list of consequences he pays for his illegal behavior. He lost his CPA license, knows he will be the subject of case studies for decades, and won’t ever be able to talk to his former colleagues again. He even knows his college age daughter had to sit through a class while her accounting professor discussed her dad’s criminal case. Read of the many unexpected consequences earned from breaking the law.