Accounting scandal ends with a dozen guilty pleas and SEC settlements

10.09.06    Mark Kaiser, the former marketing executive of US FoodService, Ahold’s food distribution unit, has been found guilty by a federal jury of participating in an $800MM accounting fraud.

Kaiser was found guilty on all six charges of conspiracy, securities fraud, and making false filings. He faces a life in prison under federal sentencing guidelines.

Earlier in September, US FoodService’s former CFO Michael Resnick pleaded guilty to conspiracy charges