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Sarbanes-Oxley News & Developments
Former Cendant Exec Found GuiltyBy the looks of the corporate 'police blotter,' it is a busy time on the legal front for many executives.
> > After 70 days of testimony, 9 days of closing arguments, and 33 days of deliberations, on Tuesday jurors rendered a split verdict in the trials stemming from the accounting fraud that led to the largest shareholder settlement in U.S. history.
E. Kirk Shelton, a former vice chairman of Cendant Corp., was found guilty on 12 counts including conspiracy, mail fraud, wire fraud, and securities fraud. He faces up to 40 years in jail.
Source: CFO
Published:2005-01-07
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