SEC and federal prosecutors seek to question former Apple employees about stock options

Shares of Apple Inc. “are in focus following a report that the Securities and Exchange Commission and federal prosecutors are looking to question people on a stock-option grant given to Apple CEO Steve Jobs that carried a false Oct. 2001 date. The Wall Street Journal, citing people familiar with the matter, said Apple attorney Wendy Howell created the false document and that she’s been dismissed by the company; Howell says ex-general counsel Nancy Heinen advised her to do so, a claim Heinen denies. Neither Howell nor Heinen has agreed to questioning by federal authorities, the report said. Authorities also want to speak to Fred Anderson, Apple’s former chief financial officer, the report said,” Michael Baron reports for MarketWatch.

Full article here.

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17 Comments

  1. Right, jotziman. I added some shares this morning and expect AAPL to rise on earnings. But I also fear this issue has and may have more of a downward impact on the stock price than the iPhone trademark dispute with Cisco.

  2. When is Apple going to invent the iTime so I can travel back in time to around 1999, sell ALL the stock I have in everything else, and sink it ALL into AAPL.

    Hurry up Apple. I could use iTime quite soon.

  3. I just have to wonder if the SEC is spending this much effort on the other 200 companies that are in the same position.

    My guess, NOT. Hey, why work drudge when you can work high profile. ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />

    N.

  4. What Gives? Apple’s board cleared Apple of all wrongdoing. Surely that’s enough for the SEC. Why do they keep persecuting Apple after Apple has clearly stated that they have done nothing wrong, and that they have complete confidence in themselves.

  5. norm e.

    I know this sounds like “black helicopter” kind of talk, but it is a fact that the forces that stand to be challenged by Apple’s success — the telecommunications industry, the PC industry, the consumer electronics industry, the film and music industries and, of course, Microsoft — are a lot more active in the halls of power than Apple.

    These are the people who brought you the DMCA and the free handover of the digital public airwaves to the communications conglomerates.

    Like all federal agencies, the SEC is vulnerable to political influence. As long as Steve Jobs keeps sticking it to those with the real power, he will be the target.

    iPhone is the ultimate challenge to the old order. And the old order always wins. Just ask Galileo.

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