Feds to retry former Homestore CEO

Feb. 12 hearing scheduled to set new trial date


Inman News

LOS ANGELES -- Stuart Wolff isn't yet out of the woods. U.S. prosecutors intend to retry Wolff, the former Homestore CEO whose conviction and 15-year prison sentence related to an accounting scandal was tossed out last year by a three-judge panel.

"There will be a new trial. Where we are is essentially as if the original trial had never happened," Assistant U.S. Attorney Michael R. Wilner told Inman News.

Wolff has been newly accused of conspiracy, filing false statements with the Securities and Exchange Commission, lying to accountants, fraudulent insider trading, and falsification of corporate books and records in connection with an alleged accounting scandal nine years ago at the online property listings company now known as Move Inc.

Read on: http://www.inman.com/buyers-sellers/columnists/marciegeffner/feds-retry-former-homestore-ceo.