Securities And Exchange Commission v. Koenig

557 F.3d 736 (7th Cir. 2009)

Purchase the Printed Copy at bsmsphd.com

Nature of the Case

To access this section all you need to do is click here and register.

Facts

Koenig (D) was Waste Management, Inc.’s, Chief Financial Officer. When explosive growth declined, D devised several accounting strategies that a jury found to be fraudulent. The district judge imposed a civil penalty of $2.1 million and ordered D to disgorge the bonuses he received in 1992, 1994, and 1995 ($831,500 plus more than $1.2 million in prejudgment interest). D appealed on grounds that the jury was permitted to pose questions through the judge to trial witnesses.