Ex-Homestore CEO Faces 5 Years In Prison After Plea

Law360, New York (January 8, 2010, 2:37 PM EST) -- The former chairman and chief executive of online real estate listings company Homestore.com Inc. faces up to five years in prison after agreeing to plead guilty to one charge of conspiring to commit securities fraud stemming from a $67 million accounting fraud.

According to the plea agreement, filed Thursday in the U.S. District Court for the Central District of California, Stuart H. Wolff, 46, could also be subject to three years of supervised release and a fine of $250,000.

The U.S. Attorney's Office for the Central...
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