Ex-Duane Reade Finance Chief Tennant Sentenced to Probation
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Former Duane Reade Inc. Chief Financial Officer William Tennant was sentenced to three years’ probation for his June 2010 securities fraud conviction.
Tennant, 64, and former Chief Executive Officer Anthony Cuti were tried together on charges they falsely inflated income and misled investors from 2000 to 2005. Cuti was convicted of conspiracy and securities fraud and sentenced last month to three years in prison.