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Real Estate/Development

Apr. 21, 2010

Sentence Lowered for Homestore CEO

A federal judge in Los Angeles sentenced Stuart Wolff, the former CEO of Homestore.com, to four and a half years in prison on Monday for leading a scheme to fraudulently boost the online real estate company's revenues by $60 million.

By Gabe Friedman

Daily Journal Staff Writer

A federal judge in Los Angeles sentenced Stuart Wolff, the former CEO of Homestore.com, to four and a half years in prison on Monday for leading a scheme to fraudulently boost the online real estate company's revenues by $60 million. It marked a victory of sorts for Wolff, 46, who been sentenced to 15 years behind bars following a 2006 jury trial. But he successfully appealed his conviction and...

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