A jury has convicted the founder and former chief executive of an online real estate listings site of orchestrating a $67 million accounting fraud.

Stuart Wolff, 43, was found guilty of conspiracy, insider trading, making false regulatory filings and lying to auditors, all in a scheme to inflate revenue at Homestore Web sites -- including the former Realtor.com, Homestore.com, HomeBuilder.com and RentNet.com. Homestore changed its name earlier this year to Move Inc., and will bring all of its sites under the single domain Move.com.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access