“Federal prosecutors are strongly considering criminal charges against former executives of Broadcom, Apple, and KLA-Tencor, related to the backdating of stock options, The Wall Street Journal reported on Friday, citing people familiar with the situation,” Reuters reports.
Reuters reports, “Prosecutors are also nearing charges against a former official of computer-security company McAfee, the paper said, citing people familiar with the situation.”
“More than 170 companies have been investigated by U.S. authorities or have conducted internal inquiries into possible manipulation of option grant dates,” Reuters reports. “Officials at Apple, KLA-Tencor, McAfee and DRS could not immediately be reached.”
Full article here.
[Thanks to MacDailyNews Reader “Adam W.” for the heads up.]
Apple options probe shines spotlight on former execs Anderson and Heinen – January 02, 2007
Analyst: Anderson, Heinen may be former Apple executives responsible for irregular options grants – October 05, 2006