By  on March 21, 2012

A federal grand jury on Tuesday indicted Joseph Pacifico, the former president of children’s apparel firm Carter’s Inc., for securities fraud and other accounting irregularities and, when combined with a previous indictment against another former Carter’s executive, brings the number of counts to 37.

Tuesday’s indictment follows one issued by the grand jury on Sept. 21, 2011, against Joseph Elles, the former head of wholesale sales at Carter’s. In addition to securities fraud, the two are essentially charged with causing the filing of false financial statements and falsifying corporate books and records.

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