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No (Felony) Good Deed Goes Unpunished

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Scott London is going to jail, and the former KPMG partner, who created a few minor headaches for a little company/pyramid scheme? called Herbalife knows he has no one to blame but himself. He also knows that his motives were pure, even when he was accepting brown paper bags filled with cash in not-at-all-shady meetups in parking lots with a golfing buddy he was just trying to help out.

Mr. London, 50 years old, told The Wall Street Journal in an interview Friday that he had started giving information to Mr. Shaw because Mr. Shaw's jewelry business was struggling, and that he went down a "slippery slope." He said he never asked Mr. Shaw for money, though he acknowledges accepting it when Mr. Shaw offered…..

Mr. London said he wasn't motivated by money. He maintained that he was trying to help a friend and believed that Mr. Shaw had made only $200,000 profit, rather than $1.3 million.

Mr. London said he "about threw up" when he found out how much Mr. Shaw had made on the tips.

"I didn't do it for money," Mr. London said. "I never asked for it. He did give it to me and I took it. I did it to help out."

Former KPMG Partner Pleads Guilty to Securities Fraud [WSJ]


KMPG Relieved To Hear Phil Mickelson "Respects And Shares" Its "Values"

The ones where you do something that kinda looks like insider trading first and then apologize later.