Bruce Karatz, former CEO of KB Home (KBH), was fined $1 million and given five years of probation for hiding backdated stock options from auditors and regulators.
Karatz will face no jail time but will serve eight months of home detention with electronic monitoring and perform 2,000 hours of community services, Bloomberg News said. U.S. District Judge Otis D. Wright II said the sentence was in…
Continue reading Former KB Home CEO Bruce Karatz Escapes Jail Sentence
Former KB Home CEO Bruce Karatz Escapes Jail Sentence originally appeared on DailyFinance on Thu, 11 Nov 2010 07:26:00.
Filed Under: People, Real Estate