Jail For Former Homestore CEO

Law360, New York (June 23, 2006, 12:00 AM EDT) -- A federal jury has convicted founder and former chief executive of online real estate listings company Homestore Inc. of masterminding a $67 million accounting fraud, marking the latest in a string of former executives found guilty of similar charges in connection with the scheme.

Stuart Wolff, who was at the helm of the fallen company from 1997 to 2002, was charged with conspiracy, insider trading, making false regulatory filings and lying to auditors.

This week, a Los Angeles jury returned a guilty verdict on all 18...
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.