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Criminal

Nov. 12, 2010

Ex-KB Home Chief Gets Home Detention

Former KB Home CEO Bruce Karatz was sentenced Wednesday to serve eight months' home detention and five years of probation, and to pay a $1 million fine in connection to a backdating case.


By Gabe Friedman


Daily Journal Staff Writer


LOS ANGELES - Former KB Home CEO Bruce Karatz was sentenced Wednesday to serve eight months' home detention and five years of probation, and fined $1 million in connection to a long-running stock options backdating case.


Characterizing him as non-violent first-time offender convicted of a low-level offense, the judge also ordered Karatz to perform 2,000 hours of community service. Karatz will be...

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