U.S. Attorney John F. Wood along with Acting Regional Director of the SEC, Donald M. Hoerl,
and Attorney for the SEC, Ian S. Karpel, announce the guilty pleas of two former
top executives of
the American Italian Pasta Company
Two former top executives of the American Italian Pasta Company plead guilty for conspiracy to fraudulently overstate earnings and deceive investors
KANSAS CITY - Timothy S. Webster and Warren B. Schmidgall waived their right to an indictment and pleaded guilty to separate felony informations. Webster pleaded guilty before the Hon. David G. Kays of the United States District Court for the Western District of Missouri. Schmidgall pleaded guilty before the Hon. H. Dean Whipple, also of the United States District Court for the Western District of Missouri.
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