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Walter A. Forbes

Born: c. 1943

Gender: Male
Race or Ethnicity: White
Sexual orientation: Straight
Occupation: Business, Criminal

Nationality: United States
Executive summary: Deposed CEO of Cendant

In 1998 it was revealed that Cendant and its predecessor CUC had spent a decade engaging in massive accounting fraud, under the leadership of Forbes and his vice chairman, E. Kirk Shelton. Forbes was represented in court by Brendan V. Sullivan, Jr.. After two mistrials, in 2007 Forbes was sentenced to 12 years in prison and fined $3.25B.

Father: Alexander Duncan Forbes III
Wife: Jane (div. Dec-1980, two daughters)
Daughter: Alison
Daughter: Laura
Wife: Caren Suzanne Utzig (b. 1952, m. 15-Aug-1981)

    University: BA, Northwestern University
    University: MBA, Harvard Business School

    Cendant CEO (1997-98)
    Comp-U-Card CEO (1976-97)
    Member of the Board of Cendant (as Chairman 1997-98)
    Campaign America Inc.
    Conspiracy to commit securities fraud (convicted 2006)
    Making False Statements two counts (convicted 2006)
    Securities Fraud (not guilty, 2006)


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