Seven Years for Ex-US Foodservice Exec
Mark Kaiser, the former chief marketing officer of one of the largest food products distributors in the country, was sentenced to seven years in prison for his role in a widespread securities fraud. He also was fined $50,000. Kaiser said that he was "never fueled or driven by greed in anything he has ever done."
Seven Years for Former US Foodservice Exec in Securities Fraud
U.S. District Judge Thomas P. Griesa, however, disagreed, saying that Kaiser's criminal conduct was obvious. "It was deliberate. He had a leadership role and he got other people into trouble," said Griesa. Kaiser will remain free while his sentence is appealed.
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