Crook Alert 7--Forbes could get 16 years in Cendant case

Walter Forbes, Corporate CEO Crook

Walter Forbes, blueblood HBS grad could get 16 years in Cendant fraud case

Walter Forbes, Illinois blueblood and Harvard Business School grad, may get 16 years in $252 million Cendant corporate fraud case that has been under investigation and prosecution for ten years. Forbes held the record for accounting fraud until his scheme was eclipsed by Jeff Skilling of Enron and Bernie Ebbers of Worldcom. Skilling was also a graduate of Harvard Business School.

http://www.usatoday.com/money/companies/management/2007-01-17-forbes-usat_x.htm?csp=34

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