Alpharetta Man Convicted of Accounting Fraud at Beazer Homes
A federal grand jury in Charlotte convicted Michael T. Rand on seven fraud charges, destroying 10,000 emails and obstruction of justice.
Michael T. Rand, 48, of Alpharetta, and former chief accounting officer for Beazer Homes USA, has been convicted by a federal jury of seven crimes relating to a seven-year accounting fraud conspiracy at Beazer, as well as document destruction and obstruction of justice. According to a news release from U.S. Attorney David A. Brown of the Western District of north Carolina, the charges arise from an investigation involving Beazer and its employees that began in March 2007. In July 2009, Beazer was charged with, among other things, participation in the conspiracy and securities fraud with Rand. Beazer accepted responsibility for those charges and, in a deferred prosecution agreement, agreed to pay restitution of $50 million. Rand was …
