Another Ex-Homestore Exec Goes Down In Fraud Fallout

Law360, New York (November 8, 2006, 12:00 AM EST) -- The latest former high-flying executive to surrender in the wake of Homestore Inc.’s $67 million accounting fraud scandal, the online real estate listings company’s former executive vice president has been handed 30 months in prison and a $2.6 million fine to settle charges relating to his role in the scheme.

Prosecutors filed charges against Peter Tafeen, the company’s executive vice president for business development, and 10 other former Homestore employees after authorities uncovered a scheme to artificially boost the company's reported revenue and inflate its stock...
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