Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, January 22, 2007

SEC Charges 13 with Aiding and Abetting Financial Fraud

SEC CHARGES THIRTEEN INDIVIDUALS WITH AIDING  AND  ABETTING  FINANCIAL
   FRAUD AT U.S. FOODSERVICE
:The Commission  filed  enforcement  actions  late  last  week  against thirteen  individuals  alleging  they  aided  and  abetted  a  massive
   financial fraud  by  signing  and  returning  materially  false  audit
   confirmations sent to them by the auditors of  the  U.S.  Foodservice,
   Inc. subsidiary of Royal Ahold (Koninklijke Ahold N.V.).  All  of  the
   individuals charged, Carl Allen,  Gary  Bell,  Donald  Childers,  John
   Crowder, Joseph Grendys, Anthony Holohan, Chris  Jakubek,  John  King,
   Steve LeBarron, Patrick Penderghast, Frank Riggio, Michael Smith,  and
   Richard Vecchia, were employees of or agents for vendors that supplied
   U.S. Foodservice.

http://lawprofessors.typepad.com/securities/2007/01/sec_charges_13_.html

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