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Former Charter Exec Pleads Guilty to Fraud Charge

Jan 26, 2005  •  Post A Comment

Charter Communications’ former chief financial officer pleaded guilty Wednesday to a federal fraud charge in connection with an accounting scandal uncovered in 2001.

Kent Kalkwarf, 45, pleaded guilty in a federal court in St. Louis to a single felony count of conspiracy to commit wire fraud. He was facing 14 counts of wire fraud, conspiracy to commit wire fraud and mail fraud, and trial was set to start Feb. 7. The other charges have been dropped, and sentencing is scheduled for April 22.

Mr. Kalkwarf is the fourth and final executive to enter guilty pleas to fraud charges in connection with the scandal, which involved inflating subscriber numbers and revenue in order to mask Charter’s contracting subscriber base and financial troubles.

Former Chief Operating Officer David Barford and former Senior VPs David McCall and James Smith III have pleaded guilty to the same charge. Mr. Barford and Mr. McCall are to be sentenced in February, while Mr. Smith is to be sentenced in April.