The senior KPMG partner accused last week of selling inside information to a golfing buddy by federal investigators was feeding his partner information on Deckers Outdoor Corp. earnings as recently as February, according to a criminal complaint filed against him by the U.S. Attorney for the Central District of California.
Scott London, who managed the Deckers Outdoor Corp. account for KPMG, was taped by FBI agents accepting a bag of $5,000 from his co-conspirator at a parking lot in Woodland Hills. The cash was supposedly for Londons share of illegal profits from trades his co-conspirator-turned-states-witness Bryan Shaw made with confidential information London had provided about Deckers February 2013 earnings announcement, according to a criminal complaint filed April 11.
The 24-page complaint charges London with one count of conspiracy to commit securities fraud for providing Shaw information on upcoming earnings announcement by Herbalife, Skechers USA and Deckers Outdoor. The complaint said that on some occasions, London called Shaw to read draft earnings releases two to three days before they were released to the public. After Shaw began cooperating with federal investigators, FBI agents provided him with cash to pay off London so they could document the conspiracy.
At their rendezvous in Woodland Hills, London told Shaw that they would have more opportunities to make money in the future, the complaint states.