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Herbalife investors meet -- briefly
Herbalife would seem to have a lot to talk about with its investors, but you'd never know it from Thursday's annual shareholder meeting in Beverly Hills. It lasted less than 15 minutes. Executives didn't address claims raised by hedge fund manager...
Tags: Annual and Special Corporate Meetings, Shareholders, University of Delaware, Herbalife Limited, Mutual Funds
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Europol: Mexican drug cartels want a foothold in Europe
MEXICO CITY—Mexican drug cartels are striving to become “key players in the European drugs market,” Europol officials said Friday. Their statement, issued from Europol headquarters in the Hague, said that Mexican criminals have...Tags: European Union, Blackmail and Extortion, Criminals, Politics, Global Expansion
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Fired KPMG auditor can't explain 'lapse of judgment'
Scott London, a Los Angeles partner in one of the nation's largest accounting firms, says it began four years ago. By his account, a friend with money trouble was poking around for information on Herbalife Ltd. and Skechers USA Inc., two Los Angeles-...Tags: Herbalife Limited, Mutual Funds, Fraud, Stuart Pfeifer, Accounting and Auditing
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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: Accounting and Auditing, Deloitte Touche Tohmatsu Ltd., Herbalife Limited, Finance, Business Enterprises
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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: Accounting and Auditing, Herbalife Limited, JC Penney Company Inc., Mary Jo White, Insider Trading
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Former SF State official to be charged in bribery scheme
SAN FRANCISCO -- A former San Francisco State official and a local vendor are scheduled to be arraigned Friday on 246 felony charges for their alleged roles in a bribery scheme that lasted seven years. According to prosecutors, Robert Shearer, who was...Tags: Trials, Crime, Law and Justice, Bribery, Political Corruption, Crimes
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KPMG fires a senior partner in L.A. for alleged insider trading
KPMG, one of the country's biggest auditing firms, has fired a senior partner in its Los Angeles office for allegedly engaging in an insider-trading scheme. The partner passed confidential client information to someone who then traded stocks in...Tags: JC Penney Company Inc., Prosecution, Mary Jo White, Insider Trading, FBI
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Google's Android is target of new antitrust complaint in Europe
SAN FRANCISCO -- Google Inc. is under fire from a coalition of companies including Microsoft Corp. which have called on European antitrust authorities to launch an investigation into the Internet giant's dominance on smartphones. The FairSearch group...
Tags: Microsoft Corporation, Google Inc., New Products, Crime, Law and Justice, Antitrust Issues
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New scam targets Virginia residents
The Better Business Bureau is warning Virginia residents about a new scam. A company pretending to be Global Test Market, out of Rhode Island, has actively been recruiting customers in Western Virginia to become "customer service evaluators." The...
Tags: Marketing, Consumers, Fraud
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Alzheimer's diagnosis ends case against Hallandale condo kickback defendant
One of the three remaining defendants accused of bilking Hallandale Beach condo owners out of $3 million in a kickback scheme has been diagnosed with Alzheimer's disease and is incompetent to stand trial, lawyers told a Broward judge Thursday. The...
Tags: Trials, Defendants, Crime, Law and Justice, Hallandale Beach, Alzheimer's Disease
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Concern for jobs
Over the past 50 years I have set and watched both the Democrats and the unions dwindle jobs from Americans. In the 1970s in Southern California Laborers, Finishers and Carpenters Unions promoted illegal aliens to join the union. As illegal aliens...Tags: Bribery, U.S. Congress, Mining, Bill Clinton, Politics
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Herbalife to reassure investors
Herbalife Ltd., battling a billionaire investor's bet that its stock will tank, is expected to reassure shareholders at the company's annual meeting Thursday that the Los Angeles nutritional products maker is a strong, healthy, legitimate operation. The...
Tags: Trials, Herbalife Limited, Mutual Funds, Sales, Companies and Corporations
Apr 26, 2013
|Story| Los Angeles Times
Apr 12, 2013
|Story| Los Angeles Times
Apr 10, 2013
|Story| Los Angeles Times
Apr 9, 2013
|Story| Los Angeles Times
Apr 9, 2013
|Story| Los Angeles Times
Apr 25, 2013
|Story| Los Angeles Times
Apr 9, 2013
|Story| Los Angeles Times
Apr 9, 2013
|Story| Los Angeles Times
Apr 8, 2013
|Story| WDBJ7
Apr 25, 2013
|Story| South Florida Sun-Sentinel
Apr 25, 2013
|Story| Daily American
Apr 25, 2013
|Story| Los Angeles Times
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