Former Krispy Kreme execs settle SEC charges
Doughnut franchise settles allegations of inflated earnings
Three former executives of Krispy Kreme Doughnuts Inc have settled charges
with the SEC over allegations they inflated earnings of the chain-group.
Ex-chairman, president, and chief executive Scott Livengood, and ex-CFO’s
John Tate Randy Casstevens did not admit to or deny the allegations in their
settlement, according to
The SEC alleged that between February 2003 and May 2004, the company inflated
its quarterly and annual earnings.