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Eight Indicted In alleged Four Seasons stock fraud
Eight men face federal charges for conspiring in a stock fraud tied to Four Seasons Nursing Centers of America. Indicted are former Four Seasons officials, Walston & Co. executives, Arthur Andersen partners, and an Andersen accountant. The scheme allegedly inflated earnings to sell stock to the public for millions in profits, with investor losses estimated around $200 million.
MENTIONED IN THIS ARTICLE
New York
Four Seasons Nursing Centers of America
Walston & Co., Inc
Arthur
Grand Jury
Naftalis
Arthur Andersen & Co
Walston & Co
Four Seasons
Harold Roth
Bill Sol Estes
Ohio
Gordon H. McCollum
Paradise Valley
Ariz
Glenn R. Miller
Glenview
Ill
Jack L. Clark
Oklahoma City
Okla
Thomas J. Gray
Wichita Falls
Tex
James P. Linn
Four Seasons Franchise Centers Inc
Hansford County
Texas
Andersen