Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

Former Homestore.com Chairman and Chief Executive Officer Stuart Wolff has agreed to plead guilty to one count of criminal conspiracy to commit securities fraud for his alleged role in a scheme to artificially inflate Homestore's revenue in 2001.A plea agreement signed by Wolff Jan. 7 calls for him to spend between three and five years in prison, and pay restitution to be determined by the judge assigned to oversee his retrial, which was set to start Jan. 26. Wolff is now scheduled to enter a guilty plea at a court hearing tomorrow.At his original trial in 2006, Wolff was convicted of more than a dozen criminal charges and sentenced to 15 years in prison.But an appeals court reversed the conviction in January 2008, saying the judge presiding over the trial should have recused himself becau...