Industry News

Former Homestore CFO testifies against Wolff

Shew says boss was present when 'giveback' deals were discussed
Published on May 23, 2006

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LOS ANGELES -- The criminal trial against former Homestore CEO Stuart Wolff, who faces criminal allegations of securities fraud and illegal insider trading of Homestore's stock, continued here Monday morning with the testimony of Joseph Shew, who was Homestore's CFO during part of Wolff's tenure as chief executive.

Shew answered questions for several hours about multimillion-dollar transactions that Homestore set up with AOL, Cendant Corp ...