Former ISP Owner Convicted in E-Rate Fraud
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A federal jury has convicted the former owner and president of ATE Tel Solutions of wire fraud in a scheme to defraud the E-Rate program, according to the U.S. Department of Justice.
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A court Thursday convicted a former fisheries official on charges of taking a $3.7 million bribe to allocate fishing quotas to a businessman, news reports said.
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The former chief executive of Brocade Communications Systems Inc. was sentenced on Wednesday to 21 months in prison for orchestrating a scheme to tamper with financial records of stock options the company offered.
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A California man has been sentenced to more than seven years in prison and ordered to pay $5.4 million in restitution for selling pirated software online.
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A former Credit Suisse banker accused of leaking confidential information about several major deals,  was convicted in Federal District Court in Manhattan.
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(InfoWorld) - Two former executives with Gateway Inc., the nation's third-largest PC vendor, are guilty of manipulating earnings and revenues to meet Wall Street expectations, according to a verdict delivered Wednesday by a federal jury in California. The company's former chief financial officer, John J. Todd, and former controller, Robert D. Manza, also concealed important information about Gateway's business success from investors, according to a statement from the U.S. Securities and Exchange Commission (SEC). The U.S. District Court for the Southern District of California will announce sanctions against the two men at a later date, the SEC said. Gateway did not respond to requests for comment.
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The former head of human resources at America Online pleaded guilty Thursday to a wire-fraud charge in connection with the theft of $100,000 from the Internet firm.
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A federal jury on Tuesday convicted a former businessman of lying about his ties to a terrorist leader, marking the second time Soliman S. Biheiri has been found guilty in a sprawling probe into whether Islamic charities in Northern Virginia were financing terrorist organizations.
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Former Brocade Communications Systems CEO Gregory Reyes has been sentenced to 21 months in prison and a $15 million fine for fraud related to backdating of the storage networking company&#39;s stock options.Reyes was convicted last August&#160;in the most prominent of many criminal and civil cases in the past two years related to backdating by high-tech companies. Apple, McAfee, Rambus, and scores of other vendors have faced either internal or external probes. Reyes&#39; conviction was the first by the U.S. Department of Justice in a backdating case. Reyes was found guilty on 10 charges including securities fraud, conspiracy and falsifying financial records. He could have faced as much as 20 years in prison.The sentencing order on Wednesday from Judge Charles Breyer of the U.S. District Court for the Northern District of California has been stayed pending an expected appeal, which has not yet been filed, according to the court.Backdating, which involves changing the date that stock options grants were made to certain employees so they can later get a bigger profit, is not illegal but has to be accounted for properly. Many high-tech companies used the practice during the Internet boom early in this decade to attract prized employees.In the wake of Brocade&#39;s backdating problems, the company restated its results from 1999 to 2004. The scandal also led to charges against Stephanie Jensen, former vice president of human resources, and Michael Byrd, the company&#39;s former CFO and COO.
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A court found the former chief executive and chief financial officer of Dutch retailer Royal Ahold NV guilty of fraud Monday, but ruled the pair will not have to serve prison time.
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Spammer Convicted to Nine Years in Prison  Yesterday the first two spammers ever were convicted of a felony for sending fraudulent unsolicited commercial e-mail - spam. Jeremy Jaynes and Jessica DeGroot, a brother and sister team, were convicted in a Virginia court Wednesday of sending AOL users millions of unsolicited commercial ...
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Brocade Communications Systemsâ former chief executive  received a 21-month prison sentence for designing a plan to tamper with the firmâs records of stock option grants.
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Former media mogul guilty of four of the 13 charges against him, including fraud and obstruction of justice.
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Brocade Communications Systems Inc's  former CEO was sentenced on Wednesday to 21 months in prison for backdating stock-option grants in a scandal that has ensnared scores of U.S. companies and led to billions of dollars of restatements.
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Enterasys Networks Inc.&#39;s former chief executive pleaded guilty to conspiracy to commit securities, mail and wire fraud in US District Court.
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Former execs had been charged with fraudulent wire communications, identity theft and conspiracy.
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A brother and sister have been convicted of three felony charges of sending thousands of junk e-mails; one of them was sentenced to nine years in prison, the other was fined $7,500.