Archive for April 11th, 2013

BULLETIN: ‘Bags Of Cash And A Rolex’: KPMG Auditor Charged In Alleged Insider-Trading Scheme Involving Herbalife, Others; SEC Says Tips Went To Auditor’s Golfing Buddy In The Jewelry Business

BULLETIN: 'Bags Of Cash And A Rolex': KPMG Auditor Charged In Alleged Insider-Trading Scheme Involving Herbalife, Others; SEC Says Tips Went To Auditor's Golfing Buddy In The Jewelry Business

BULLETIN: (UPDATED 4:44 P.M. EDT U.S.A.) The SEC has gone to federal court in the Central District of California, accusing a former KPMG “lead partner” and auditor of KPMG’s Herbalife account of insider trading by providing nonpublic information on Herbalife and other companies to a golfing buddy. Scott London, 50, of Agoura Hills, Calif., was fired […]

Joe Borg Of Alabama Securities Commission Tells WSFA That Profitable Sunrise Worked Because People ‘Kind Of Glossed Over The Mathematics’

Joe Borg Of Alabama Securities Commission Tells WSFA That Profitable Sunrise Worked Because People 'Kind Of Glossed Over The Mathematics'

EDITOR’S NOTE: Alabama was one of the first U.S. states to take action against the Profitable Sunrise HYIP “program,” issuing both an Investor Alert and a cease-and-desist order last month. The C&D lists two alleged “agents” of Profitable Sunrise, demonstrating that a “program” can create problems for pitchmen, perhaps even as the “program” operators make […]