Former KB Home CEO indicted on fraud charges

Trooper_IHB

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<em>"The U.S. attorney for the Central District of California said Thursday Bruce Karatz faces several counts of mail, wire and securities fraud and making false statements in reports filed with securities regulators."</em>



<a href="http://www.cnbc.com/id/29536331">Are you surprised?</a>
 
[quote author="Trooper" date=1236322837]<em>"The U.S. attorney for the Central District of California said Thursday Bruce Karatz faces several counts of mail, wire and securities fraud and making false statements in reports filed with securities regulators."</em>



<a href="http://www.cnbc.com/id/29536331">Are you surprised?</a></blockquote>


But really, when you dangle the HUGE bonuses that these guys get (10s of millions) and , back then, there was little incentive to "to do the right thing". They were making money in any direction they went, doing the right thing was not even in their mind.





Suprised Cat is ... Suprised.



<img src="http://i62.photobucket.com/albums/h111/bisquick06/CatShock4_001.jpg" alt="" />
 
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