Charles 'Junior' Johnson was founder and CEO of Las Vegas-based software company, PurchasePro. Back in 2001, in the midst of the dot com bust, he conspired to inflate company revenues in a scheme that put Purchase Pro squarely in the cites of Federal regulators.

Seven years later, Johnson makes seven PurchasePro execs to have been convicted in relation to the attempted Fraud. Johnson made his particular situation worse by attempting to alter documents to obscure the fraud. Convicted on all counts, Johnson will now face sentencing.

-- MDT

Labels: accounting fraud, Charles Johnson, guilty, PurchasePro