We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Former Royal Ahold Exec Gets Seven Years

Law360 (May 18, 2007, 12:00 AM EDT) -- The former marketing chief of U.S. Foodservice Inc. was sentenced Thursday to seven years in prison in connection with an $800 million accounting scheme that exaggerated the unit’s earnings.

Judge Thomas P. Griesa of the U.S. District Court for the Southern District of New York also sentenced Mark Kaiser to two years of supervised release after he gets out of prison and ordered him to pay a $50,000 fine.

In November, a jury found Kaiser, a former executive of the subsidiary of Royal Ahold N.V., guilty...
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.