Take Two Interactive Under SEC Investigation

MrPinstripeCom writes "Take Two interactive is now officially under investigation by the SEC. They've agreed to allow regulators to subpoena and investigate their practices with current and former employees as it relates to stock options purchases and disbursements. 'The company was the subject of an informal, non-public, investigation into allegations of back-dating stock option grants last year, while a separate internal investigation by Take-Two also found evidence of improprieties. The scandal ultimately led to the departure of then chairman and CEO Ryan Brant, who was singled out by the SEC investigation and was forced to pay $7.3 million in "disgorgement, interest and penalties" at the New York State Supreme Court.'"

Comments

Re:Release and survive?

[Skevin]

> I hope this doesn't prevent the release of GTA4

Not likely, but they will change the meaning of the acronym: Grand Theft Armchair. The game's new "wanted level" will now include the truly heinous crimes in our current society...

1 star: Making backups of your own software
2 stars: downloading music off the internet
3 stars: living next door to someone downloading music off the internet
4 stars: living next door to someone accused of downloading music off the internet
5 stars: playing poker online for real money
6 stars: not having any real money
There is a rumored 7-star Wanted-level: being the ruler of a third world country that had nothing to do with bombing the World Trade Center, but being a thorn in the side of some prominent world leader's father, who considers your existence an embarrassment to his leadership and therefore publicly blames you for society's ills.

Why couldn't you just shoot cops and beat up hookers like everyone else?

Solomon