Former Charter CFO Pleads Guilty to Fraud
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From Associated Press
Charter Communications Inc.’s former chief financial officer pleaded guilty to federal fraud charges, becoming the last of four one-time executives of the cable TV company to admit to a scheme to dupe investors by inflating subscriber numbers.
Kent Kalkwarf, 45, pleaded guilty to a felony count of conspiracy to commit wire fraud. He faces up to five years behind bars and as much as $250,000 in fines when sentenced April 22.
Shares of St. Louis-based Charter fell a penny to $1.76 on Nasdaq.
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