NEW YORK — A former Ahold executive who was sent to prison for his role in the 2003 accounting scandal that forced a breakup of the company is seeking a new trial, according to reports.
A federal judge in 2007 sentenced Mark Kaiser, a former executive at Ahold’s U.S. Foodservice division, to seven years in prison for his role as “organizer and leader” of a scheme that led Ahold to overstate its profits by $800 million. Kaiser was convicted of fraud in the case, in which he was found to have directed the creation of fake invoices to artificially inflate vendor rebates.
In seeking a new trial, Kaiser claims prosecutors withheld evidence that would have contradicted elements of the case against him, the reports said. The reports said documents that came to light in a Securities and Exchange Commission administrative proceeding against KPMG, which was U.S. Foodservice’s auditor, show that Kaiser “didn’t hide” his actions from KPMG.
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