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Pastimes : Hot Tubbers Anonymous

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To: Jeffrey Beckman who wrote (9446)	1/18/2008 6:14:18 PM
From: caly	Read Replies (1) of 13724

Sentencing is Monday. Any guesses on jailtime or not? Have they sent anyone to jail for stock options fraud yet? I personally would rather see her have to do pro bono tax prep or accounting work for a charity for a few years. ARGO pleaded guilty to one count of securities fraud. ARGO admitted to backdating options grants at Safenet,specifically the option grants to herself and the CEO dated October 1, 2001 and certain subsequent grants, and failing to record compensation expenses for those backdated option grants. Also, in admitting to signing and certifying public SEC filings which included inaccurate compensation expenses for those backdated option grants, ARGO said she "acted willfully and with the intent to defraud." The charge carries a maximum penalty of 20 years’ imprisonment and a $5 million fine. ARGO will be sentenced by Judge RAKOFF on January 21, 2007, at 4 p.m. usdoj.gov

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