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Business
7 years for former US Foodservice exec in securities fraudPublished 05/18/07
NEW YORK (AP) - The former chief marketing officer of one of the nation's biggest food products distributors pleaded for leniency before he was sentenced for his role in a widespread securities fraud.
Mark Kaiser, who worked for U.S. Foodservice Inc., a subsidiary of supermarket giant Royal Ahold NV, told a federal judge he was never "fueled or driven by greed in anything I have ever done."
But U.S. District Judge Thomas P. Griesa sentenced Kaiser Thursday to seven years in prison, saying Kaiser's criminal conduct was serious. "It was deliberate," Griesa added. "He had a leadership role, and he got other people into...
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