Securities
Jan. 9, 2010
Guilty Plea from Ex-Homestore Chief
Former Homestore chief executive Stuart Wolff agreed Thursday to plead guilty to securities fraud in connection with a revenue recognition scheme dating back to 2001.
Daily Journal Staff Writer
Former Homestore chief executive Stuart Wolff agreed Thursday to plead guilty to securities fraud in connection with a revenue recognition scheme dating back to 2001. Wolff already had been convicted and sentenced to 15 years in prison in 2006, but appealed and won the right to a new trial in 2008. Under his new plea agreement, he faces a prison sentence of three to five years.
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