Content about Conviction

August 21, 2014

Christopher Finazzo, former executive VP and chief merchandising officer for Aeropostale, has been sentenced to eight years in prison after being convicted of defrauding the company and taking more than $25 million in kickbacks from a key vendor.

New York -- Christopher Finazzo, former executive VP and chief merchandising officer for Aeropostale, has been sentenced to eight years in prison after being convicted of defrauding the company and taking more than $25 million in kickbacks from a key vendor.

Finazzo, who was found guilty in April 2013 of 14 counts of mail fraud, wire fraud and conspiracy, was also ordered to forfeit more than $25 million and pay the company $13.7 million in restitution.

June 26, 2013

Former Duane Reade CEO Anthony Cuti and CFO William Tennant failed in an attempt to have their 2010 convictions for securities fraud overturned.

New York – Former Duane Reade CEO Anthony Cuti and CFO William Tennant failed in an attempt to have their 2010 convictions for securities fraud overturned. The Second U.S. Circuit Court of Appeals in New York upheld a June 2010 federal jury decision to find Cuti and Tennant guilty of providing misleading earnings information to shareholders and private equity group Oak Hill Capital partners, which purchased Duane Reade in 2004, between 2000 and 2004.

April 26, 2013

Christopher Finazzo, 57, who was an executive VP and chief merchandising officer at Aeropostale, was found guilty on Thursday of 14 counts of mail fraud, one count of wire fraud and one count of conspiracy.

New York -- Christopher Finazzo, 57, who was an executive VP and chief merchandising officer at Aeropostale, was found guilty on Thursday of 14 counts of mail fraud, one count of wire fraud and one count of conspiracy. He faces up to 20 years in prison on each of the fraud convictions and up to five years for the conspiracy charge.
      
The jury took less than five hours to reach the verdict, which came after a three-week criminal trial in Brooklyn, N.Y.
     

August 23, 2011

Former Duane Reade CEO Tony Cuti was sentenced on Monday to three years in prison in connection with accounting fraud at the New York-based drug store chain.

New York City -- Former Duane Reade CEO Tony Cuti was sentenced on Monday to three years in prison in connection with accounting fraud at the New York-based drug store chain.

Cuti, who is to report to prison on Jan. 31, 2012, also must pay a $5 million fine.

September 29, 2010

A federal judge has cut 30 months from the prison sentence for former Rite Aid...

June 3, 2010

A federal jury on Thursday convicted an Illinois couple of defrauding Best Buy Co. out...

March 29, 2010

A federal judge in Boston has sentenced a Florida man to seven years in prison...

March 29, 2010

Wet Seal said late Monday that it was one of the retailers targeted by a...

March 28, 2010

Wet Seal Inc. said it was one of the retailers targeted by a credit card...

March 24, 2010

A computer hacker from Florida has been sentenced to 20 years in prison for helping...

March 22, 2010

The prosecution in the case against the computer hacker who helped orchestrate one of the...

January 5, 2010

A former purchasing manager for Safeway was charged with two counts of wire fraud on...

October 14, 2009

A Dallas millionaire who once sat on the board of RadioShack Corp. has been sentenced...

January 15, 2009

A former employee of The Home Depot Inc. has pleaded guilty to taking bribes from...

September 11, 2008

Damon Patrick Toey, 23, of Miami, pleaded guilty Thursday in U.S. District Court to charges...

August 20, 2008

Wal-Mart Stores Inc. said on Thursday it had reached a settlement with its former vice...

June 30, 2008

In a federal court on Monday, former Home Depot executive Anthony M. Tesvich, 42, pleaded...

June 23, 2008

Wal-Mart Stores announced Tuesday that a hearing has been set for Aug. 22 over whether...

January 29, 2008

Boston James Dorman, a former VP of Staples, was sentenced to three and a half...

December 5, 2007

Omaha, Neb. The man who killed eight people and then himself in the Von Maur...

September 19, 2007

Newark, N.J., Acomputer...

August 30, 2007

Robert Nardelli’s appointment as the new CEO of the Chrysler Corp. in August got us...

January 30, 2006

Fort Smith, Ark., ...