Earlier Wednesday, the Securities and Exchange Commission said it had filed civil charges against the former chief accounting officer at Beazer Homes, accusing him of committing fraud and misleading company auditors.
In a criminal information filed in federal court in Charlotte, prosecutors accuse the company of accounting fraud conspiracy and mortgage fraud conspiracy.
In the SEC case filed in Atlanta, the agency says Michael T. Rand of Sandy Springs fraudulently decreased Beazer's reported net income by recording improper accounting reserves during certain periods between 2000 and 2005.
