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Ex-KB Home head gets home detention, $1M fine

November 10, 2010 12:00:00 AM PST
The former head of Westwood-based construction giant KB Home was sentenced to eight months home detention and pay $1 million on Wednesday for a multi-million dollar stock scam.Bruce Karatz faced up to 10 years for illegally backdating stock options that resulted in him making $6 million dollars.

Jurors acquitted the former CEO of 16 charges.