Mark Kaiser, a former marketing executive who worked at
Foodservice division, has been
to seven years in prison by a federal judge for his role in an $800m (£400m)
Based on the evidence presented in the case the judge said Kaiser ‘was the
organizer and the leader of this scheme’.
Kaiser was convicted in November 2006 of participating in a scheme to create
fake rebates from vendors to boost the company’s profits and earn bonuses.
The sentence imposed on him was higher than the federal guidelines of five
years and three months to six and a half years.
It also includes two years’ supervised release following the prison term and
a $50,000 fine.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements