KB Home & Wells Fargo Team Up to Take the Media Spotlight Away From Bruce Karatz Trial’s Opening Statements!

Breaking News – KB Home (NYSE: KBH) to Deliver Presentation at Wells Fargo (NYSE: WFC) 2010 Housing and Building Products Event on the same day that its former Chief Operating Officer at KB Home Starts his trial on Stock Manipulation in Federal Court in Los Angeles. Karatz faces 20 counts of defrauding the Los Angeles homebuilder and its shareholders by awarding himself ($233 Million USD) and others millions of dollars in undisclosed backdated stock options. As you may remember Bruce Karatz stepped down from KB Home as Chief Executive Officer over this stock manipulation earlier. Opening arguments will be read in the Honorable U.S. District Judge Otis D. Wright II of the Central District of California United States Federal court in Los Angeles’ by Karatz defense team, Karatz who himself is a Lawyer. On 7/1/2008 Bruce Karatz was Suspended to practice Law in the State of California, with over $230 million in the bank (Offshore?) Karatz failed to pay California’s Bar membership fees. This was the second time Karatz was suspended practicing Law in California he also failed to pay on 12/13/1977 when he was suspended.

This PR move by KB Home is a sure sign that it may try to move the Media’s attention away today from Bruce Karatz trial to other areas. KB has always been an experts on non disclosure and I’m sure there will be no mention of their former CEO at the Wells Fargo Event.

There is no mention of the location or how someone might participate in this event at the Wells Fargo Securities website? I also could not find the venue online? Even at KB Home Investor Relations Website? Since no one says it’s a virtual online only event there must be a physical location? But where is it Wells Fargo? I have screen captures and PDFs of these pages if suddenly KB or Wells Fargo updates them. Just Contact A KB Home Sucks.

Even on Yahoo’s Upcoming page No Events found for “Housing and Building Products …” anywhere. On KB Home Investor relations page the event is completely White (BLANK) he’s a screen capture from Sunday February 21st 2010.

KB Home Wells Fargo 2010 Housing & Building Products Investor page on 2-20-2010

So just what exactly is going on here? Are any of the Executives at KB Home being called as witnesses to Bruce Karatz’s trial today?

There is no Location, so you and I cannot physically attend and see the show and visit the Housing and Building Products and items that should be on display at any normal what’s coined here as an event? Is the Wells Fargo 2010 Housing and Building Products Event just a scheme cooked up in Cyber Space? Is this a test of Internet B%|| S#!+ or virtual spam? I expect more out of a Giant Multinational Bank’s security division like Wells Fargo when others like Bank of America (NYSE: BAC) (BofA) and it’s acquisition of Merrill Lynch (NYSE: AQS) and Countrywide (NYSE: CCR then CFC) are under close scrutiny by Federal Regulators at the Charlotte, North Carolina–based bank.

The management of KB Home will be providing “a dog and phony show” at the Housing and Building Products Conference held by Wells Fargo Securities. The company is scheduled to deliver the presentation at 10:00am (PST) on February 23, 2010. The presentation will be webcast live and archived for replay through the Investor Relations section of the company’s website. This is to shine the spotlight on a phony event to get the National News attention away from Bruce Karatz’s Stock Manipulation trial which is opening in Los Angeles on the exact same time this fake events webcast. I just thought the investors of KB Home may want to know this; once again there is a non-disclosure issue of the so called event? Where’s the (NYSE: WFC) 2010 Housing and Building Products Event?

KB Home, a homebuilder with a questionable past, has possibly delivered over 1/2 a million homes for consumers since its start in Detroit in 1957. Part of the murky side of KB Home is the many defective homes KB Builds. No one knows the exact number of KB’s Lemons since many of the homeowners may have given up on KB Home’s continual ongoing repairs on its negligent building practice, where the CEO’s and top executive’s stock price and what he or she can rake in for their own personal gain is more important than its product. Several Hundred websites across the Internet have sprung up. Just Google “KB Home Sucks” for search engine results on any of the top search engines. There are thousands of other homeowners and community groups who have not had a voice in being able to express their views and evidence of KB Homes building and customer service practices before the Internet.

This presentation at the Wells Fargo is clearly a management (whether or not” KB Home told them the case opens the same day – disclosure again) and possibly Bruce Karatz lawyer’s smoke screen to prevent more negative news coming up on top for KB Home executives and the many charges they have piled up in the last few years. KB Home is the most investigated homebuilder in America. Notably From at least 1999 through 2005, Gary A. Ray, the former executive vice president of human resources of KB Home, Inc pleaded guilty, and Martha Stewart spokesperson for KB Home has served jail time for her own Securities issues. See feedback on a Martha Stewart designed KB Home.

KB Home tries to distinguish its marketing not the actual products they build by its Built to Order™ homebuilding talk that puts an illusion of a custom home experience within reach of its customers at an affordable price, many of the items are fabricated with the cheapest labor and materials KB Home can find. But many homeowners are shocked when they find out just how many serious issues they may have once they move into this “Built South of the Border” many of the defects will be found many years later. I have been in many KB Homes across the country built in different eras and many suffer from the exact same defects.

Neither KB Home nor Wells Fargo Securities are listed as a client of Wall Street Webcasts WSW whom is broadcasting the event? Once again this quickly slapped together event is suspect? Wouldn’t you brag about these two as clients? WSW.com may know its better not to disclose that KB and WFC as its clients.

Is KB Home taking the spotlight away from Bruce Karatz Stock Manipulation trial on February 23rd 2010 with Wells Fargo Securities?, look at the evidence with no physical location of the Wells Fargo 2010 Housing and Building Products Event? I’ll let you be the judge. What do you think? ~~ A KB Home Sucks!