Trial begins for former Homestore exec Premium Content

Stuart Wolff faces federal criminal charges

Inman News®

Federal prosecutors, during opening statements Thursday in a criminal trial against former Homestore CEO Stuart H. Wolff, charged that Wolff was driven by "his ego and his greed" to artificially inflate the company's revenue numbers and deceive investors.

Wolff's lawyers, meanwhile, portrayed him as a "smart guy from Oklahoma," an electrical engineer with great ideas about the Internet but "not one lick of managerial experience" before his role at the company.

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