Pair sentenced to prison for roles in fraud Exide Battery
Two former executives of Exide Technologies, once the nation’s largest producer of automotive batteries, were sentenced to prison for their scheme to sell defective batteries to Sears, Roebuck & Co. in the early 1990.Exide former president Douglas N. Pearson, 59, New Hope, Pennsylvania, was Friday to five years and four months in prison and ordered to pay a fine of $ 150000, Miriam Miquelon USA, prosecutor for southern Illinois .
Pearson’s accomplice, former Chief Executive Exide Arthur M. Hawkins, Bloomfield Hills 60, Me, was sentenced Thursday to 10 years in prison and the payment of $ 1 million in order.
The two were convicted in June of wire fraud and conspiracy to commit wire fraud in that the State had invited lawyers to a scheme to sell massively defective Exide batteries to Sears DieHard for its line in the mid 1990.
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