Law360, New York (July 01, 2009) -- The U.S. Securities and Exchange Commission has sued the former chief accounting officer of Beazer Homes USA Inc., alleging that the executive was a central figure in a scheme to misstate the homebuilder's net income by more than $60 million.
In a complaint filed Wednesday in the U.S. District Court for the Northern District of Georgia, the SEC said that Michael T. Rand recorded improper accounting reserves at Beazer Homes...
