Jury Gets Book-Cooking Case Against Ex-Vitesse Execs

Law360, New York (February 14, 2013, 9:09 PM EST) -- A jury will begin deliberating Friday on charges against two former Vitesse Semiconductor Corp. executives accused of cooking the books to hide slumping revenues, after prosecutors wrapped up a nearly monthlong retrial.

Evidence against former Vitesse CEO Louis Tomasetta and former Chief Financial Officer Eugene Hovanec is “overwhelming,” Assistant U.S. Attorney Katherine Goldstein told jurors in Manhattan federal court.

“It has been a lengthy trial, but make no mistake, it has not been a close one,” she said.

Both men face a single count of conspiracy...
To view the full article, register now.

Related

Sections

Case Information

Case Title

USA v. Tomasetta et al


Case Number

1:10-cr-01205

Court

New York Southern

Nature of Suit

Date Filed

December 6, 2010

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.