Former Charter CFO Pleads Guilty
St. Louis, MO – The former Chief Financial Officer of St. Louis-based Charter Communications pleaded guilty Wednesday to federal fraud charges.
Kent Kalkwarf is the last of four former executives to admit to a scheme of defrauding investors by inflating subscriber numbers.
He faces up to five years in prison and a quarter-million dollar fine when he's sentenced in April.
The cable company has more than six million subscribers in 37 states. It's controlled by Microsoft co-founder Paul Allen.
Kalkwarf pleaded guilty to a felony count of conspiracy to commit wire fraud. Heand the others accused were indicted in July 2003. They were one-time chief operating officer David Barford, and senior vice presidents David McCall and James Smith III.