Ex-U.S. Foodservice Controller Settles Fraud Charges

Law360, New York (January 9, 2007, 12:00 AM EST) -- The former controller of U.S. Foodservice Inc. has reached an agreement with the U.S. Securities and Exchange Commission to resolve allegations concerning her role in a fraudulent scheme to overstate the company's income by about $700 million in fiscal years 2001 and 2002.

Suzanne Brown agreed to pay a $100,000 civil fine and consented to a five-year ban on working as an officer or director for a public company, according to the SEC on Monday. She was also prohibited from working as an accountant before the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.