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Copyright Law

: Recording Industry vs The People

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

By Ty Rogers and Ray Beckerman

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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

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Full post as published by Recording Industry vs The People on February 19, 2008 (boomark / email).