The former vice chairman of Cendant Corp. was sentenced to 10 years in prison and ordered to pay $3.27 billion to the hotel franchise and travel company for his role in an accounting scandal at Cendant's predecessor, CUC International.
E. Kirk Shelton was ordered to make an initial payment of $15 million by this fall, and to continue making monthly payments of $2,000 once he is released from prison.
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