Cartus was formerly known as Cendant Mobility, a subsidiary of Cendant Corporation.
Indeed, Albanese went on to assume the role of Vice President of KA Glendale towards the end of his tenure at what was then Cendant Software.
The company is a subsidiary of Wyndham Worldwide, formerly a part of Cendant.
He was prosecuted by the U.S. Attorney's Office for the District of New Jersey and convicted of one count of conspiracy to commit securities fraud, and two counts of making false statements, for inflating reported incomes for the Cendant Corporation, when he was Chief Executive Officer of that company in the 1990s, and at its predecessor company CUC International.
Cendant |
On October 23, 2005, Cendant Corporation announced its decision to split into four separate companies: Realogy, Travelport, Wyndham Worldwide and Avis Budget Group.
Movie Fun with Dick and Jane (2005), featuring Jim Carrey: The closing credits begin with a Special Thanks To list, naming executives at Enron, WorldCom, Tyco, Adelphia, ImClone Systems, Arthur Andersen, Cendant and HealthSouth.
As irregularities in the books of Cendant were discovered in early 1998, an audit committee set up by Cendant's Board of Directors launched an investigation and discovered that the former management team of CUC, including its top executives Walter Forbes and Kirk Shelton, had been fraudulently preparing false business statements for several years.