Rochester,NY 7/7/2009 3:52:25 PM
News / Finance

End of Day Results - EK - Ex-Kodak accountant verdict Over kickbacks Issues - Sourced WhisperFromWallStreet.com

EASTMAN KODAK CO

End of Day Results - EK - Ex-Kodak accountant verdict Over kickbacks Issues - Sourced WhisperFromWallStreet.com

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EASTMAN KODAK CO,EK

After Hours: 0.00 N/A (N/A) 8:00PM ET


A former corporate tax accountant at Eastman Kodak Co. has been sentenced to two years in federal prison for accepting kickbacks in a $14 million property assessment conspiracy. Mark Camarata cried as he apologized Monday for helping illegally lower Kodak's property assessments in the suburb of Greece from 1999 to 2005. The photography company said it was unaware of the scheme. Camarata pleaded guilty in 2005 to accepting $4.1 million in kickbacks from a tax appraiser. He cooperated with prosecutors and avoided being sentenced to as much as 20 years.

About

Eastman Kodak Company provides imaging technology products and services to the photographic and graphic communications markets worldwide. It operates in three business segments: Consumer Digital Imaging Group (CDG); Film, Photofinishing, and Entertainment Group (FPEG); and Graphic Communications Group (GCG). The CDG segment offers consumer digital products that include digital still and video cameras, digital picture frames, imaging accessory products, and snapshot printers and printer media; retail kiosks and consumables, consumer and retailer software workflows, remote business monitoring, retail store merchandising and identity programs, and after sale service and support; imaging sensors; and all-in-one inkjet printers.

Last Trade:      2.87
Day's Range:    N/A - N/A
52wk Range:    2.01 - 17.71
Volume:           0

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