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Marin IJ - Ex-CEO to serve 2 years in fraud

U.S. District Court Judge Charles Breyer sentenced William Grabske, 59, to 27 months in prison after a jury found the former Indus chief executive officer guilty of scheming to inflate his company's revenue and profits.

Breyer also imposed a $12,500 fine and three years of supervision following Grabske's release from prison.

Grabske was CEO when Indus laid off me and many of my UK colleagues when they closed down their UK development operation. Revenge is sweet!

Posted by TimHall at December 28, 2002 11:58 PM | TrackBack
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