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Vernon voters approve $8 million in tax hikes
Voters in Vernon overwhelmingly approved three tax measures Tuesday, clearing the path for city leaders to close an estimated $8-million general fund deficit. Officials had threatened deep cuts to the city’s police and fire departments if the...
Tags: Labor Legislation, Politics, Business, Career and Workplace, Elections
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Pennsylvania owed $35 million in corporate taxes, auditor general says
Watchdog with Paul MuschickThe Pennsylvania auditor general says reviews of corporate tax returns found errors that mean the struggling state isn't getting all of the money it's owed. More than 1,250 returns were reviewed. Auditors determined corporations had underpaid by $40.8... -
Insider-trading scandal poses risks to KPMG's reputation
NEW YORK -- A former senior KPMG auditor's leaks could threaten the reputation of one of the country's biggest accounting firms, industry experts said. Auditors like Scott London, a former senior partner in KPMG's office in Los Angeles, are privy to...
Tags: U.S. Department of Justice, Columbia University, Securities, Economy, Business and Finance, U.S. Securities and Exchange Commission
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Financial statements sound, Herbalife says amid insider-trading probe
Herbalife maintained that its financial statements are sound and reliable amid news that its auditor is in the middle of an insider-trading investigation. Scott London, 50, a senior partner with KPMG, was ousted by his company after it learned the...
Tags: Corporate Crime, Economy, Business and Finance, Deloitte Touche Tohmatsu Ltd., Fraud, Insider Trading
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Fired KPMG auditor of Herbalife and Skechers is identified
Several sources have identified an audit manager of accounting giant KPMG’s Los Angeles office as the executive at the center of an insider-trading investigation that involved shares of Herbalife Ltd. and Skechers USA Inc. Scott London, partner-...
Tags: Sports, Insider Trading, Skechers USA Incorporated, Baseball, Herbalife Limited
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'What I have done was wrong,' says auditor accused of insider trading
Scott London, the KPMG auditor accused of insider trading, said he was caught up in a federal investigation after he leaked clients’ information “in an effort to help out someone whose business was struggling.” London told The Times...
Tags: Trials, Insider Trading, Herbalife Limited
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Herbalife says KPMG 'concluded it was not independent' as auditor
This post has been corrected. See note at the bottom for details.KPMG has resigned as Herbalife's auditor after the auditing firm fired a senior partner in its Los Angeles office because of an alleged insider-trading scheme. "KPMG stated it had concluded it was not independent because of alleged insider trading in...Tags: Corporate Crime, JC Penney Company Inc., Mary Jo White, Fraud, Carl Icahn
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Skechers exec on KPMG firing its auditor: 'It's unbelievable'
David Weinberg, the finance and operating chief of footwear company Skechers, said the insider trading allegations directed at former KPMG auditor Scott London are “unbelievable.” Skechers, based in Manhattan Beach, along with Los Angeles...
Tags: Insider Trading, Herbalife Limited, Manhattan (New York City)
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Lenders in settlement to make payouts to foreclosed borrowers
As part of a settlement with federal regulators, 13 lenders this week are starting to pay out $3.6 billion to more than 4 million troubled borrowers whose homes were in foreclosure proceedings in 2009 and 2010. A chart released Tuesday by the regulators...Tags: U.S. Department of Justice, Financial and Business Services, U.S. Department of the Treasury, Federal Reserve, Goldman Sachs Group, Inc.
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Ernie Schneider dies at 66; chief administrative officer of O.C. when it declared bankruptcy
Ernie Schneider, the chief administrative officer of Orange County when it declared bankruptcy in 1994 because of its disastrous investment practices, died Saturday at his home in San Juan Capistrano. He was 66. His death, related to liver and kidney...
Tags: Government, Trials, Physical Fitness and Exercise, Politics, Economy, Business and Finance
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Herbalife posts record results
Herbalife Ltd. has now notched 17 consecutive quarters in which its profits sailed past Wall Street projections. The Los Angeles nutritional products company told investors Monday that earnings during the first three months of the year climbed nearly...
Tags: Corporate Crime, Mutual Funds, Economy, Business and Finance, Fraud, Carl Icahn
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Audit finds lapses in state school construction agency oversight
The state agency charged with overseeing Maryland's public school construction projects was found to have lacked proper monitoring of contracts, projects and maintenance inspections, according to a legislative audit. The audit, released Friday, examined...
Tags: Budgets and Budgeting, InterActiveCorp, House Building
Apr 10, 2013
|Story| Los Angeles Times
Apr 18, 2013
| Allentown Morning Call
Apr 10, 2013
|Story| Los Angeles Times
Apr 9, 2013
|Story| Los Angeles Times
Apr 9, 2013
|Story| Los Angeles Times
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|Story| Los Angeles Times
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|Story| Los Angeles Times
Apr 9, 2013
|Story| Los Angeles Times
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Apr 15, 2013
|Story| Los Angeles Times
Apr 29, 2013
|Story| Los Angeles Times
Apr 29, 2013
|Story| Baltimore Sun
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