BrokerageIndustry News

Ex-KB Home CEO facing prison

Option backdating created $70M in liabilities
Published on Apr 21, 2010

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

The former CEO and chairman of the board of KB Home, Bruce E. Karatz, is facing a prison term after being convicted of four felony county related to a stock option backdating scheme, prosecutors said.

Karatz, 64, of Bel Air Estates, was accused of attempting to cover-up the backdating of his own and other executive ...

Comments