Former Homestore exec receives 30-month sentence

Peter Tafeen also faces 3 years of supervised release

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Peter Tafeen, a former Homestore executive who pleaded guilty to one count of securities fraud for his participation in a fraudulent advertising scheme, today was sentenced to serve 30 months in federal prison.

Tafeen was also sentenced to three years of supervised release following the prison sentence, and six months of the supervised release program must be served in home confinement.

Tafeen, who faced a maximum sentence of 10 years in prison, served as executive vice president of business development at