Scott London, the former KPMG partner who issued an unusual public confession to insider trading, was charged with sharing confidential secrets about five companies with his golf partner in exchange for bags of cash and a Rolex watch.

The US attorney’s office in Los Angeles filed a criminal complaint charging Mr London with one count of conspiracy to commit securities fraud. He was expected to appear in court later on Thursday, his lawyer said. He faces up to five years in prison if convicted.

Mr London, the former head of KPMG’s audit practice for the Pacific Southwest, allegedly gave confidential information about clients Herbalife and Skechers, as well as Deckers Outdoor and former clients RSC Holdings and Pacific Capital, to his golf partner Bryan Shaw, a jeweller.