AHOLD, THREE EXECUTIVES SETTLE WITH SEC IN FRAUD CASE

WASHINGTON -- The Securities and Exchange Commission here last week said it settled its charges of securities fraud and other violations against Ahold, Zaandam, Netherlands, and three individuals related to Ahold's overstatement of profits from 2000 to 2003.The SEC also said it would pursue its case against one former Ahold executive.None of the parties who settled have admitted wrongdoing, and no

WASHINGTON -- The Securities and Exchange Commission here last week said it settled its charges of securities fraud and other violations against Ahold, Zaandam, Netherlands, and three individuals related to Ahold's overstatement of profits from 2000 to 2003.

The SEC also said it would pursue its case against one former Ahold executive.

None of the parties who settled have admitted wrongdoing, and no monetary penalties were assessed. The SEC issued injunctions against Ahold a

Register to view the full article

Already a member? .