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Apple Execs Reportedly Faked Options Documents

Posted by ScuttleMonkey on from the hands-in-the-cookie-jar dept.

theodp writes "Federal prosecutors are reportedly looking closely at stock option administration documents that were apparently falsified by Apple execs to maximize the profitability of option grants. While Apple has said CEO Steve Jobs did not profit from the stock-option backdating, Jobs has reportedly hired his own attorney to deal with the SEC and Justice Department."

1 of 172 comments (clear)

  1. Way to flamebait the headline by $RANDOMLUSER · · Score: 5, Informative

    The SEC has been investigating "about 80" companies for this since July. Apple started their own internal investigation, which they're sharing with the SEC. Oh, and it's former employees who are being looked at. Oh, and maybe backdating isn't illegal, it just should be declared.

    Take a look here or here.

    --
    No folly is more costly than the folly of intolerant idealism. - Winston Churchill