Ex-Penn Traffic Officials Charged

Two former executives of Penn Traffic Co. could each face prison sentences of up to 20 years and fines of $5 million for improperly accounting for promotional allowances, federal officials said last week. Leslie Knox and Linda Jones were indicted on charges of securities fraud and mail fraud, officials of the U.S. Attorney's office and the Federal Bureau of Investigation said.

SYRACUSE, N.Y. — Two former executives of Penn Traffic Co. here could each face prison sentences of up to 20 years and fines of $5 million for improperly accounting for promotional allowances, federal officials said last week.

Leslie Knox and Linda Jones were indicted on charges of securities fraud and mail fraud, officials of the U.S. Attorney's office and the Federal Bureau of Investigation said. In a separate action last week, the U.S. Securities and Exchange Commission file

Register to view the full article