Former Buca CEO Cops Guilty Plea

Law360, New York (June 21, 2006, 12:00 AM EDT) -- The former chief executive of Italian restaurant chain Buca Inc. has pled guilty to criminal fraud charges, becoming one of the first CEOs nationwide to be convicted of falsely certifying a company’s financial documents.

Joseph Micatrotto entered a guilty plea on Tuesday in U.S. District Court in St. Paul, Minn., agreeing to pay a $250,000 criminal fine and $65,000 plus interest back to the company he stands accused of looting.

The tarnished executive admitted in court this week that he inflated an invoice from technology vendor...
To view the full article, register now.

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.