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Two charged in KPMG insider trading

April 11, 2013 6:10 PM
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Two charged in KPMG insider trading

LOS ANGELES -- The Securities and Exchange Commission on Thursday charged a former partner at accounting firm KPMG and his friend for illegal insider trading on stocks including Herbalife.

The two met at a country club years ago and became good friends who routinely went golfing together. London gave Shaw the information to help him get through a difficult time economically as Shaw's jewelry business struggled.

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