Start Kb homes and backdating

Kb homes and backdating

His compensation totaled $232 million in his last three years at KB Home, much of it from stock awards.

It also maintained a division in France, which was sold in 2007.

As part of a promotion, in 1997 the company built a life-sized replica of The Simpsons cartoon home in Henderson, Nevada.

Ray agreed to plead guilty to conspiring to obstruct an internal investigation into options backdating, and to cooperate with prosecutors, the documents showed.

KB Home also announced the resignation of its head of human resources, Gary A.

You'll need the relevant bill or Fixed Penalty Notice to use this service.

* Ex-CEO Bruce Karatz accused in backdating scheme * Karatz charged in 20-count indictment by L. grand jury * Faces up to 415-yr sentence if convicted on all charges (Adds details from indictment, background, byline) By Gina Keating LOS ANGELES, March 5 (Reuters) - Former KB Home () CEO Bruce Karatz, one of the executives who made the most money from the U. housing boom, was indicted on Thursday on charges of fraud and making false statements to U. regulators about a scheme to inflate the value of stock options.

He also is accused of concealing the backdating from KB’s board by submitting false documentation of the company’s historical option-granting practices to an audit committee and outside auditor.