Securities Law Prof Blog

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

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Friday, November 9, 2007

Former Safety Kleen CFO Sentenced in Securities Fraud Case

The judge said she wanted to send a message -- that "concealing a company's financial position is always wrong."  The former CFO of Safety-Kleen, Paul Humphreys, was sentenced to nearly 6 years in prison after admitting to securities and bank fraud charges.  He was accused of artificially inflating earnings from 1998-2000.  NYTimes, Prison Term in Fraud Case.

http://lawprofessors.typepad.com/securities/2007/11/former-safety-k.html

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