Former Ahold Executive Sentenced to 7 Years

NEW YORK — A federal judge here yesterday 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 had been convicted last year of fraud in the case, in which he directed the creation of fake invoices to artificially inflate vendor rebates. Several suppliers also have pleaded guilty in the case. Michael Resnick, the former chief financial officer at USF, pleaded guilty last year and was sentenced to six months of house arrest.

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