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Former Rite Aid CEO Next To Plea?

Martin Grass is scheduled to plead guilty today in Harrisburg, Pa, before U.S. District Judge Sylvia Rambo.

> > Former Rite Aid CEO Martin Grass and former vice chairman and chief counsel, Franklin Brown, are both charged with fraud, obstruction of justice and other criminal counts relating to a $1.6 billion overstatement of profits in the late 1990s.
Former Rite Aid CFO Frank Bergonzi pleaded guilty to a charge of fraud conspiracy on June 5 and agreed to cooperate with the government probe into the Rite Aid financial scandal.

Source: CFO article


Published:2003-06-17
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