David Stockman, the former budget director in the Reagan White House, was charged Monday with overseeing a sweeping fraud at a troubled auto parts supplier that he led before the company sought bankruptcy protection.

Stockman, 60, was one of four former executives of Michigan-based Collins & Aikman Corp. named in an indictment unsealed Monday in U.S. District Court in Manhattan. Four other former company employees including a former treasurer have already pleaded guilty in the case, prosecutors said.