Former Ahold Exec Cops To Books And Records Charge

Law360, New York (August 15, 2011, 6:53 PM ET) -- A former executive of ex-Royal Ahold NV subsidiary U.S. Foodservice Inc. pled guilty Monday in New York federal court to falsifying books and records as part of an $800 million fraud case, following the scrapping of his seven-year prison term last year.

Mark Kaiser was convicted in November 2006 of conspiracy, securities fraud and four counts of making false filings with the U.S. Securities and Exchange Commission. U.S. District Judge Thomas P. Griesa sentenced him in May 2007 to seven years in prison.

Prosecutors alleged that...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers