- Associated Press - Friday, July 18, 2014

CHARLOTTE, N.C. (AP) - A former Beazer Homes USA executive whose previous conviction on securities fraud and other charges was thrown out last year has been convicted in a second trial.

The Charlotte Observer reports (https://bit.ly/WiF4qo) a federal jury in Charlotte convicted Michael Rand on Friday. He faces a maximum of 85 years in prison and a $1.25 million fine.

The former chief accounting officer of the Atlanta-based company was convicted of many of the same charges in 2011. But a judge ordered a new trial after learning that two of Rand’s jurors searched the Internet for the term “reasonable doubt” during deliberations. One juror admitted reading news stories about the case.

Rand was accused of illegally hiding company profits, concocting phony financial statements and destroying thousands of emails to hide his tracks.


Information from: The Charlotte Observer, https://www.charlotteobserver.com

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