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.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Don't Miss

U.S. Video

  • A woman in debt comes in asking for a Suze Smackdown, but gets a shocking discovery in her credit report.

  • Nina, who's 39 and lives in New York, tells Suze she let a family member use her name to buy homes and a car. Now she's in debt for $450,000. She asks Suze for help.

  • Mekka, from North Carolina, says her 12-year-old son broke her 63-inch TV. She wants to know how to make it a financial teaching moment.