Securities Law Prof Blog

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

Tuesday, December 11, 2007

Former PurchasePro CEO's Crimina l Trial Wraps Up

Lawyers made closing arguments in the second criminal corporate fraud case against former PurchasePro CEO Charles E. Johnson Jr.  Johnson is charged with both accounting fraud to meet earnings projections (stemming from conduct in March 2001) and obstruction of justice, based on four emails that Johnson fabricated and gave to his former lawyers in April 2006, who testified against him in this trial.  Johnson said that the phony emails were to test the attention span of his lawyers.  WPost, Both Sides Rest in Trial Of Ex-PurchasePro Chief.

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