GO
Loading...

U.S. Plans to Indict Former Reagan Aide Stockman - WSJ

Former Reagan White House budget director David Stockman is expected to be indicted within days on charges of improper accounting and incomplete disclosures from when he was chairman and chief executive of auto parts maker Collins & Aikman, the Wall Street Journal reported.

Citing sources familiar with the investigation, the newspaper said criminal indictments against Stockman and others are expected to be unsealed by the U.S. Attorney's Office in the southern district of New York as early as next week.

Stockman plans to contest the charges, the Journal said.

Collins & Aikman filed for bankruptcy protection in May 2005.

Featured

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Don't Miss

U.S. Video

  • Treasury Secretary Jack Lew is calling on Congress to pass retroactive anti-inversion legislation as soon as possible as news of another inversion deal with Hospira and Danon is said to be in the works. CNBC's Jim Cramer explains why he believes it does not take congressional action to end inversion deals.

  • CNBC's David Faber breaks down the deal between Dollar Tree and Family Dollar for about $8.5 billion in cash and stock. Jim Cramer provides insight to the transaction.

  • CNBC's Jim Cramer shares his thoughts on two mergers announced this morning. Zillow's bid for competitor Trulia, and Dollar Tree's acquisition of rival Family Dollar.