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...
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