Posted On: November 20, 2009 by LaBovick Law

Former Chairman found guilty on securities fraud charges for $8.6 billion fraud

Former McKesson executive, Charles McCall can now join the Bernie Madoff Club. Yesterday he was found guilty of investment fraud that cost investors $8.6 billion. McCall is a former Chairman of the McKesson Corp.

A San Francisco jury found him guilty of securities fraud and violating accounting rules. On a positive note he was acquitted on falsifying records. His sentencing will take place next March.

Read the Bloomberg article to learn more on the Securities charges against Mr. McCall and his former colleagues.

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Posted In: Investment Fraud , Securities Fraud , Securities Industry , Securities Litigation

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