High Quality Content by WIKIPEDIA articles! Bruce Karatz (born 1945) is an American homebuilder and philanthropist noted for his role as CEO in the development of KB Home from 1972 through 2006, and for his philanthropic efforts to help re-build Los Angeles after the L.A. Riots and New Orleans following Hurricane Katrina. On April 21, 2010, Karatz was found guilty of two counts of mail fraud and two counts of making a false statement. He was acquitted of 16 other charges, including securities fraud and filing false proxy statements. On October 15, 2010, Judge Otis D. Wright II dismissed one of the two counts of mail fraud of which the jury had found Mr. Karatz to be guilty based on lack of evidence. On November 10, 2010, Judge Wright sentenced Mr. Karatz to probation for a term of five years, rejecting prosecutors’ request for a lengthy prison sentence, noting that there was no evidence that Mr. Karatz’s actions damaged KB Home or its shareholders. The probation was terminated in...

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