Former Cendant Exec Faces Round Three In Fraud Trial

Law360, New York (February 15, 2006, 12:00 AM EST) -- Two hung juries later, former Cendant Corp. executive Walter Forbes will be up for trial yet again on charges that he participated in a $3 billion accounting scheme at the travel and real estate firm.

Federal prosecutors said this week that they are preparing to try Forbes for a third time after last week’s mistrial. This was the second time in a little more than a year that a jury deadlocked in the accounting fraud case.

A mistrial was declared by U.S. District Judge Alvin Thompson...
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