Economy

July 2, 2009

To escape prosecution, Beazer execs forfeit $1 million in bonuses

Two top Beazer Homes executives have agreed to pay their bonuses from last year into the $50 million restitution fund the homebuilder is establishing for victims of its predatory lending practices. Federal investigators on Wednesday filed mortgage and accounting fraud charges against Beazer, but now the company will escape prosecution.

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