We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Ex-KB Home CEO Indicted In Backdating Case

Law360 (March 6, 2009, 12:00 AM EST) -- Former KB Home Inc. CEO Bruce Karatz has been indicted over an alleged scheme to defraud company stockholders and investors of millions of dollars by backdating stock options for himself and other senior executives and deceiving the U.S. Securities and Exchange Commission, KB Home accountants and KB stockholders.

Following an extensive FBI investigation, Karatz, 63, was indicted on Tuesday on 15 counts of mail, wire and securities fraud, four counts of making false and misleading statements in the company's SEC filings and one count of lying...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.