Business Services Industry

Three Former Rent-Way Executives Plead Guilty.

Knight Ridder/Tribune Business News, July, 2003

By Peter Panepento, Erie Times-News, Pa. Knight Ridder/Tribune Business News

Jul. 23--The ...uestions followed Rent-Way Inc. and its officers for nearly three years.

Who was responsible for an accounting fraud that nearly destroyed the Erie-based rent-to-own company?

Why did some of the company's former officers manipulate Rent-Way's books?

When would the investigation finally end?

All of those ...uestions were formally answered in an Erie courtroom Tuesday morning, as three former Rent-Way executives pleaded guilty to federal felony charges tied to the manipulation of the company's public financial records.

With the pleas, the U.S. Attorney's Office, Federal Bureau of Investigation and Securities and...

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