Take-Two Interactive to Pay 3 Million Bucks

Take-Two Interactive Software [Grand Theft Auto guys] has to pay up and pay up big.

And when I say “big” I mean $3 million dollars big so that they can settle a stock dispute with the Securities and Exchange Commission over some dirty stock dealings.
Christopher Conte, an S.E.C. attorney in Washington overseeing the case said, “Take-Two’s seven-year backdating scheme was egregious and pervasive, and caused the company to materially misrepresent its financial condition to investors.”
This came from Wikipedia [the knower of all knows]:
Options backdating is the practice of granting an employee stock option that is dated prior to the date that …read more