KPMG fires partner in LA office for allegedly sharing insider trading tips

KPMG have now resigned as the auditor of Herbalife “as a result of this individual’s behaviour”.

By Amy Croffey Tuesday 9 Apr 2013, 4:47 PM

Apr 9th 2013, 4:47 PM 10,156 Views 46 Comments

http://jrnl.ie/863509

Image: Sean Dempsey/PA Wire

Image: Sean Dempsey/PA Wire

ACCOUNTING FIRM KPMG has fired a senior partner in charge of its Los Angeles office after they allegedly were involved in sharing insider-trading tips to a third party.

In a statement, KPMG said the third party then used the tips in stock trades involving several West Coast companies.

KPMG have now resigned as the auditor of Herbalife “as a result of this individual’s behaviour” and Herbalife’s shares have been halted from trading.

KPMG has 22,000 partners and employees.

Read: KPMG asks staff to warn them of ‘inappropriate coverage’ of firm on net >

Short URL

About the author:

About the author

Amy Croffey

@AmyCroffey

amy@thejournal.ie

See more articles by Amy Croffey

Contribute to this story:

COMMENTS (46)

This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.

write a comment

Leave a commentcancel

Facebook

Twitter

Share Comment on Facebook or Twitter

Most Popular Today

1	Strasbourg shooting: Two dead and 12 injured at Christmas market as suspect remains at large 96,175 138

2	Here's how much Ray D'Arcy, Ryan Tubridy and RTÉ's other top presenters earned in 2016 51,659 111

3	'Kicking the can down the road': Theresa May wins confidence vote from Tory MPs 47,410 65

1	A junior minister tried citing a 25-year-old policy to spare tourism firms some pain from VAT hikes 395 0

2	'One day I had all the perks of a tech company and the next I was doing flyering on the street' 341 0

3	Navan fintech firm Prepaid Financial Services sets a date for its IPO 121 0

1	As it happened: Valencia v Man United, Champions League 40,722 50

2	Carlow's Eric Molloy set to become first Irish player since 2008 to play in Fifa Club World Cup 27,400 7

3	Schmidt looks forward to family time but not ruling out coaching return 21,058 19

1	After all of his bad luck with awards, Leonardo DiCaprio has been asked to return an Oscar ...it's The Dredge 8,416 0

2	What was the story with the huge Indian wedding party that Beyoncé sang at over the weekend? 6,659 1

3	Lily Allen paid a visit to Zaytoon after her Dublin gig last night 4,623 1

Trending Tags

BLANCHARDSTOWN

Woman stabbed at 'isolated, unlit' Dublin bus stop

Man (39) arrested following seizure of estimated €145k worth of cocaine

Night of the living fed: Krispy Kreme after dark

BREATH TESTS

Senior traffic garda singles out gardaÃ he believes aren't issuing enough fines

Senior traffic garda singles out gardaí he believes aren't issuing enough fines

'Significant concern' over lack of breath testing at scenes of fatal crashes

Commissioner confirms no gardaí will be disciplined over breath test scandal

COURTS

Two cancer sufferers refused bail over â�¬3.5 million cocaine seizure in Liffey Valley car park

Two cancer sufferers refused bail over €3.5 million cocaine seizure in Liffey Valley car park

Limerick man cleared of murder but found guilty of the manslaughter of 'annoying' beggar

Estonian hitman Imre Arakas jailed for six years for conspiring to commit murder

GARDAí

Man seriously injured after being hit by van in Limerick

Man in his 60s killed after being struck by car while walking in Dublin

Man arrested over death of man in Meath released without charge

DUBLIN

How I Spend My Money: A marketing manager in Dublin on €40,000 who is moving home in the new year

Man and woman released without charge after Dublin quays stabbing

Man arrested after camper van fire on Howth pier

Netflix in the firing line as BAI looks to change how streaming sites suggest content for Irish viewers

Coveney says there's 'a lot of pushing and shoving' going on in relation to Brexit, but the EU has Ireland's back

We're in Brexit limbo - so what could possibly happen next?

∞

About Us

Corrections

Report Content

Policies

TheJournal.ie is a full participating member of the Press Council of Ireland and supports the Office of the Press Ombudsman. This scheme in addition to defending the freedom of the press, offers readers a quick, fair and free method of dealing with complaints that they may have in relation to articles that appear on our pages. To contact the Office of the Press Ombudsman Lo-Call 1890 208 080 or go to www.pressombudsman.ie or www.presscouncil.ie

Please note that TheJournal.ie uses cookies to improve your experience and to provide services and advertising. For more information on cookies please refer to our cookies policy.

News images provided by Press Association and Photocall Ireland unless otherwise stated. Irish sport images provided by Inpho Photography unless otherwise stated. Wire service provided by Associated Press.

Journal Media does not control and is not responsible for user created content, posts, comments, submissions or preferences. Users are reminded that they are fully responsible for their own created content and their own posts, comments and submissions and fully and effectively warrant and indemnify Journal Media in relation to such content and their ability to make such content, posts, comments and submissions available. Journal Media does not control and is not responsible for the content of external websites.

KPMG fires partner in LA office for allegedly sharing insider trading tips

KPMG have now resigned as the auditor of Herbalife “as a result of this individual’s behaviour”.