Sentencing for Stuart Wolff, the former CEO of Homestore Inc. who was convicted in June on charges ranging from conspiracy to fraudulent insider trading, has been delayed until at least Oct. 10. Assistant U.S. Attorney Michael R. Wilner said today, "At the defense's request, the hearing has been postponed" and could be delayed until Oct. 10 or Oct. 16. Wolff, 43, reportedly faces a maximum statutory sentence of 175 years in federal prison for the crimes at Homestore, now known as Move Inc. The company operates popular home-search Web site Realtor.com. Wolff served as CEO and chairman of the board at Homestore from 1997-2002, when he resigned during an internal investigation. A jury found Wolff guilty of conspiracy, filing false statements with the U.S. Securities and Exchange Commission,...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.