Former general counsel of computer-security firm McAfee has been charged with criminal fraud for changing his own stock-option grant to increase its value and attempting to cover up his actions. To make matters worse, he earlier threw another officer, former controller Terry Davis, under a bus and caused Davis to lose his job back in 2003. Davis later pleaded guilty to criminal securities fraud. Roberts led that internal investigation regarding accounting irrregularities that led to Davis’ demise but forgot to tell investigators that Davis also changed the date on Roberts’ options.
For more see SEC Press Release dated February 28, 2007 and its Complaint filed in the U.S. District Court for the District of Columbia dated February 28, 2007.
Filed under: Corporate responsibility | Tagged: Attorney-client privilege, Backdating, Business ethics, Corporate compliance, Corporate counsel, Corporate governance, Criminal Investigations, Ethics, Executive Compensation, Regulatory Compliance, Sarbanes-Oxley, Securities Fraud, White Collar Crime |
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