After three trials over the course of nearly a decade, U.S. Federal Prosecutors were finally able to put Walter Forbes behind bars after he masterminded one of the largest cases of stock fraud in history back in 1998. A jury found the 63 year old ex-chairman of Cendant guilty of conspiracy and two accounts of submitting false documents to the Securities and Exchange Commission, where he overstated his company's earnings by $250 million. He was acquitted, however, on a forth account of securities fraud. Forbes is currently free on a $1.5 million bond, but will be sentenced on January 17th, facing up to 25 years in prison.