|Walter A. Forbes|
Born: c. 1943
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)
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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