Tuesday, February 19, 2008

MediaSentry former CFO to serve 6 months in jail for backdating stock options

We just came across this report on Dow Jones Marketwatch:

DOJ: Former SafeNet [a/k/a MediaSentry] Executive Gets 6 Months Prison, $1M Fine
By Saba Ali
Last update: 12:34 p.m. EST Jan. 28, 2008
SafeNet Inc.'s former chief financial officer, Carole Argo, was sentenced Monday to six months in prison and a $1 million fine for her participation in a scheme to backdate stock options, said Michael Garcia, the U.S. Attorney for the Southern District of New York. Argo pleaded guilty on Oct. 5 to one count of securities fraud. SafeNet, a Maryland software information security product and services provider, had said in a story published in October that Argo resigned as a result of an internal investigation into the company's stock-options grant practices.
Original article


Keywords: digital copyright law online internet law legal download upload peer to peer p2p file sharing filesharing music movies indie independent label freeculture creative commons pop/rock artists riaa independent mp3 cd favorite songs intellectual property






2 comments:

Alter_Fritz said...

German for Beginners:

Happiness at the misfortune of others = Schadenfreude

zi said...

Hello Mr. Fritz,

schadenfreude, yes? we don't use this term much in the US. it is to long for us to say.