Former Monster Executive Admits Illegal Backdating
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NEW YORK, Feb. 15 -- A former senior vice president of the company that runs the Monster job-search Web site admitted in court Thursday that he illegally backdated millions of dollars in employee stock option grants.
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A former HealthSouth executive, Malcolm E. McVay, pleaded guilty Monday to making illegally structured bank deposits 10 months after being resentenced to probation for his role in the companyâs $2.7 billion fraud.
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Two former executives at America Online and four executives at a now-defunct Las Vegas software firm pleaded innocent Tuesday to stock fraud and other charges in federal court.
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New York's attorney general alleges the PC giant reneged on promises of zero percent financing and on-site service.
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The former chief executive of Refco pleaded guilty Friday to conspiracy and fraud charges that carry a possible prison term of more than 300 years.
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A former Microsoft Corp.  employee pleaded guilty on Wednesday to selling the world's largest software maker's products for more than &#36;7 million for personal profit, federal prosecutors said.
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A former executive from Enron Corp.&#39;s defunct high-speed Internet unit pleaded guilty Tuesday to one count of conspiracy related to the scandal-choked company&#39;s collapse.
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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.
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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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The U.S. Securities and Exchange Commission has filed civil fraud charges against the former general counsel of Monster Worldwide Inc.  in a stock options backdating case, an agency official said on Thursday.
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A former Van der Moolen Specialists employee pleaded guilty on Friday in a case involving phony finders' fees and illegal kickbacks in the stock-loan industry.
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ALBANY, Feb. 27  â Five former managers from a pallet and crate maker pleaded guilty on Tuesday in the companyâs hiring of illegal immigrants, 10 months after raids in 26 states signaled a federal crackdown on employers that break the law to get cheap labor.
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A former Microsoft Corp. worker pleaded guilty in federal court Wednesday to participating in a software sales scheme with three others that defrauded the company of more than &#36;32 million.
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(InfoWorld) - Monster Worldwide's former general counsel pleaded guilty in a Manhattan courtroom Thursday, another executive caught up in the stock options backdating scandal. Myron Olesnyckyj faced charges of securities fraud and conspiracy in connection with the backdating of millions of dollars' worth of employee stock option grants at the online recruitment services company. Olesnyckyj appeared before U.S. District Judge Laura Taylor Swain. According to a statement from the U.S. Attorney's office in New York, Olesnyckyj "conspired with other former senior executives at Monster to systematically backdate stock option grants to Monster employees in an effort to fraudulently suppress Monster's compensation expenses and falsely inflate its earnings and share price. As a result, Monster's public filings with the Securities and Exchange Commission between 1997 and 2005 fraudulently understated the company's compensation expenses and inflated its earnings by over 300 million dollars." The names of Olesnyckyj's alleged co-conspirators were not immediately disclosed.
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Man appointed to restore Labour's flagging fortunes allegedly 'issued false statements' about shares
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A former office manager for Rep. Jane Harman (Calif.) and two other House Democrats pleaded guilty yesterday to fraud for taking $200,000 in public money by submitting phony expense reports, according to Justice Department and House documents.
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A former employee of the accounting firm Ernst & Young pleaded guilty to conspiracy to commit tax fraud, a month after similar charges were filed against four current and former employees of the firm.