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Loan Modification

: Loan Modification & Home Loan News

KB Home ex-CEO tried to keep stock option scheme secret, an executive testifies

By Moe Bedard

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Former KB Home chief Bruce Karatz engineered a massive stock option scheme that made him millions of dollars and then fought to keep it secret from investigators, a longtime company executive testified Wednesday. Gary Ray, who served as KB’s human resources director from 1996 to 2006, told a federal jury in Los Angeles that he and [...]

Full post as published by Loan Modification & Home Loan News on March 19, 2010 (boomark / email).

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