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Sarbanes-Oxley News & Developments
Rite Aid Exec, 76, Gets 10 Years in PrisonFranklin Brown had faced a jury at trial rather than cooperate with investigators.
> > Franklin Brown, former vice chairman and chief counsel of Rite Aid Corp., was sentenced last week to 10 years in federal prison for his role in the massive accounting fraud at the company. He was convicted in a jury trial last October of crimes including making false statements to the SEC, obstructing justice, and witness tampering, according to Reuters, and was acquitted of wire fraud.
Source: CFO
Published:2004-10-19
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