Seven former officials at franchising giant Cendant have been charged by the SEC and the U.S. Attorney in New Jersey with participating in a "massive financial fraud" that caused investors, by some counts, to lose as much as $20 billion. Three officials pleaded guilty, including former chief financial officer Cosmo Corigliano, who admitted to wire fraud and related charges.
June 15, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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