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Criminal

May 3, 2012

Real estate titan quietly exits the justice system

A prominent executive turned white-collar convict is free and clear after the federal judge on his case took the unusual step of cutting him loose from supervised release over prosecutors' objections.


By Gabe Friedman


Daily Journal Staff Writer


LOS ANGELES - A prominent real-estate executive turned white-collar convict is free and clear after the federal judge on his case took the unusual step of cutting him loose from supervised release over prosecutors' objections.


In an order issued late last week, U.S. District Judge Otis D. Wright released former KB Home Chief Executive Officer Bruce Karatz from probation more than three years ahea...

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