Oops! better watch out...
A U.S. District Court judge yesterday sentenced Stuart Wolff, the former CEO of Homestore Inc. (now doing business as Move Inc.), to 15 years in federal prison. He was also ordered to pay a $5 million fine and restitution to victims of a financial scheme that artificially inflated revenues and nearly collapsed the company.He faced a maximum statutory sentence of 175 years in federal prison for the crimes.
Because The Federal Bureau of Prisons requires that inmates must serve at least 85 percent of a sentence before they can be eligible for release he will be in jail for about 12 years.
When I met Stuart late 2003 He already was looking a bit paled with fright don´t you think so?
It is an other good lesson for all of us at Funda to be as open and transparent as possible.
