Two former Kmart executives were charged with securities fraud Wednesday for allegedly inflating the earnings of the now-bankrupt discount chain by $42.3 million in 2001. Enio Montini Jr. and Joseph Hofmeister were also charged with lying to the SEC and conspiracy. Additionally, the commission filed an accounting fraud complaint against the two, seeking to recoup financial gains related to the alleged actions.
February 27, 2003 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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