Ex-Homestore CEO Gets 54 Months In Prison For Fraud

Law360, New York (April 20, 2010, 12:36 PM EDT) -- A federal judge has sentenced ex-Homestore.com CEO Stuart Wolff to a 54-month prison sentence for his role in a $67 million accounting fraud.

Judge Gary A. Feess of the U.S. District Court for the Central District of California handed down the sentence Monday, rejecting Wolff's request for a lenient sentence because of his cooperation with federal investigators after reaching a plea agreement on one count of conspiracy.

In a reply brief, federal prosecutors said Wolff's cooperation came about only after several of his co-conspirators had provided...
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