Ex-Syndicated Food CEO Settles Fraud Case For $26M

Law360, New York (September 16, 2011, 8:05 PM EDT) -- The former CEO of Syndicated Food Service International Inc. agreed Friday to repay the ill-gotten earnings he allegedly netted from a $26 million broker bribery scheme, according to a consent judgment filed Friday in New York federal court.

William Keeler allegedly violated federal securities laws by getting Syndicated involved with a scheme in which brokers surreptitiously sold stock into the public market for personal gain. Keeler was among 19 defendants in the case, originally brought in March 2004.

The agreement did not specify how much Keeler...
To view the full article, register now.