Ex-Homestore Execs Settle SEC Charges
From Reuters
Three former Homestore Inc. executives settled charges that they participated in a scheme to inflate advertising revenue through fraudulent transactions in 2001, the Securities and Exchange Commission said.
The SEC said two former executives of the online real estate firm -- Clayton Chan, former vice president of strategic alliances, and former salesman Geoffrey Infeld -- also pleaded guilty in a related criminal case.
The pair, along with former contracts manager Gregory Antoniono, settled SEC charges and will pay a total of more than $375,500 in disgorgement and civil penalties.
Shares in Westlake Village-based Homestore fell 3 cents to $2.07 on Nasdaq.
