Industry News

Former Cendant Chairman Forbes sentenced to 12 years

Walter A. Forbes ordered to pay $3.3 billion in restitution
Published on Jan 18, 2007

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by CareyBot

Walter A. Forbes was sentenced to serve 12 years and seven months in federal prison for his role in a multimillion-dollar accounting fraud originating at a company that helped to form real estate and travel services giant Cendant Corp, U.S. ...

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