Former exec of KB Home is charged

Former exec of KB Home is charged

There are 4 comments on the Long Beach Press-Telegram story from Mar 6, 2009, titled Former exec of KB Home is charged. In it, Long Beach Press-Telegram reports that:

A federal grand jury Thursday returned an indictment charging the former chairman and chief executive of Los Angeles-based KB Home with multiple counts of fraud and other crimes related to a stock option ...

Join the discussion below, or Read more at Long Beach Press-Telegram.

Sir John

Irvine, CA

#1 Mar 6, 2009
KB Investigation

Everett, WA

#2 Mar 16, 2009
KB Homes might be in even more trouble soon.

It seems as though it may have conspired with Countrywide’s appraisal subsidiary, Landsafe, to artificially inflate home prices—leading to unfair home purchase prices and inappropriate mortgages for KB Home owners.

Haven’t homeowners suffered enough? Check out this blog post by the lawyer heading up the investigation .

United States

#3 Mar 16, 2009
The CEO should be tried, lined up against a wall, and shot. Not only did he rip off scores of people, he built some incredibly crappy homes, establishing forthcoming "affordable housing" ghetto's for the next 50 years.
They're about as poorly built as the long beach condo's over WalMart, and that's saying something.
Sharon Rasch


#5 Nov 23, 2011
Thank you for sharing this blog. Keep posting more about it.

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