U.S. v. Forbes et al.(corporate accounting frauds)

Publication: Corporate Counsel

Publication Date: 01-APR-05

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COPYRIGHT 2005 American Lawyer Media L.P.

Federal prosecutors can chalk up at least one win in their ongoing campaign to make executives pay for recent corporate accounting frauds. On January 4 a federal jury in Hartford found the former vice-chairman of Cendant Corporation, E. Kirk Shelton, guilty of 12 counts of conspiracy and fraud. The conviction stemmed from Shelton's role in inflating profits at Cendant's predecessor companies from 1995 to 1997,...

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