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A sentencing scorecard on backdating convictions

By Douglas A. Berman

This new Reuters article, which reports on the latest sentencing following a conviction for options backdating, also provides this effective review of the outcomes in a series of backdating conviction:A former chief financial officer of information security company SafeNet Inc was sentenced on Monday to six months in prison for manipulating employee stock option grants. Carole Argo also was fined $1 million. She admitted to backdating options awards from 2000 to 2006 for herself and others at SafeNet, a Maryland-based company that was taken private last year by an investor group. Argo, who pleaded guilty to one count of securities fraud in October, is among a handful of former U.S. executives who have been charged criminally with wrongdoing related to backdating of option awards...continue to full post

Full post as published by Sentencing Law and Policy on January 29, 2008 (boomark / email).