AP:
The founder and former chief executive of Homestore, an online real estate listings company, was found guilty Thursday of insider trading, lying to company accountants and federal regulators, and conspiring in a scheme to defraud investors by inflating revenue.A United States District Court jury in Los Angeles found Stuart Wolff guilty on all counts. He was taken into custody to await sentencing, which could bring a prison term of up to 35 years in prison. His lawyer said he planned to appeal the verdict.
Mr. Wolff headed the company from 1997 until he resigned in January 2002. Homestore has since changed its name to Move Inc.
