Bradley Stinn, Former Friedman’s CEO, Indicted

Bradley Stinn, 47, the former chief executive of Friedman's and Crescent Jewelers, has been indicted for allegedly lying to shareholders about Friedman's financial performance. Charges include conspiracy, securities fraud, making false filings with the Securities and Exchange Commission, mail fraud, and certification of a false financial report. If convicted of all charges, he could face up to 30 years in prison. Stinn and Friedman's chief financial officer resigned in November 2003 amid a government investigation of the chain's financial records. The company eventually had to revise its financial statements for the years 2001 through 2003. It filed for Chapter 11 in January 2005. Friedman's and Crescent's former chief financial officer and Friedman's former controller have pled guilty in the investigation, the U.S. Attorney's office said. In addition, in 2005 Friedman's settled ci
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