Ex-Carter's President Charged In $16M Securities Fraud

Law360, New York (March 20, 2012, 5:04 PM EDT) -- The former president of children's clothing maker Carter's Inc. was indicted on securities fraud charges Tuesday in Georgia for allegedly engaging in a scheme to understate the company's expenses by more than $16 million over three years.

A federal grand jury in Atlanta indicted Joseph Pacifico for fraud, filing false financial statements and falsifying the books and records of a public company.

The charges were unveiled in a superseding indictment filed in the criminal case against Carter's former vice president of sales Joseph M. Elles, who...
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.