Former U.S. Foodservice cfo Sentenced to Probation



Resnick had pleaded guilty in September to one count of conspiracy.

Resnick and others were accused by Federal prosecutors in Manhattan of manipulating entries in distributorship's books to help it meet quarterly profit targets. A jury in November convicted Mark P. Kaiser, a former marketing executive the Columbia, MD-based company, of conspiracy, fraud and making false filings. Kaiser is expected to be sentenced next February.

The government has also brought criminal charges against 16 of the distributor's vendors for their involvement in the fraud that led U.S. Foodservice and its owner Ahold to overstate profits in 2000-03. More than a dozen of the vendors have pleaded guilty.

The government had said it would not prosecute Ahold, which has put U.S. Foodservice up for sale, for any role in the accounting fraud. The company agreed to a $1.1 billion settlement with investors.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Financing

Despite their complaints, customers keep flocking to Chipotle

The Bottom Line: The chain continued to be a juggernaut last quarter, with strong sales and traffic growth, despite frequent social media complaints about shrinkflation or other challenges.

Operations

Hitting resistance elsewhere, ghost kitchens and virtual concepts find a happy home in family dining

Reality Check: Old-guard chains are finding the alternative operations to be persistently effective side hustles.

Financing

The Tijuana Flats bankruptcy highlights the dangers of menu miscues

The Bottom Line: The fast-casual chain’s problems following new menu debuts in 2021 and 2022 show that adding new items isn’t always the right idea.

Trending

More from our partners