Senior Executives of Auto Parts Retailer Charged with Scheme to Manipulate Corporate Earnings
Senior Executives of Auto Parts Retailer Charged with Scheme to Manipulate Corporate Earnings
Two former senior executives of CSK Auto Corp. (CSK), have been charged in a 31-count indictment for a scheme to manipulate the companys reported earnings. The indictment, returned on April 7, 2009, by a federal grand jury in Phoenix, charges Martin G. Fraser, 53, of Glendale, Ariz., and Don W. Watson, 53, of Gilbert, Ariz., with conspiracy, securities fraud, mail fraud, false filings with the U.S. Securities and Exchange Commission (SEC), false books and records, and false statements to its auditor.