CNET: Former Homestore execs charged

Seven former Homestore.com executives face charges by the SEC and Justice Department on sleazy media deals. The charges allege that the executives invented revenues by trading cash back and forth with equally sleazy partners. Some of the executives are also being charged in a kickback scheme involving insider trading in Homestore.com stock. In one such alleged transaction, a salesperson sent kickbacks through Lebanese and Ugandan banks to hide the money trail.