The first guilty verdict in a case relating to backdating was handed down by
a jury in a San Francisco court this week.
The conviction of the former chief executive of Brocade Communications
Systems on all ten counts in the government’s first criminal prosecution for
options backdating could herald the start of a new wave of convictions. Some 170
others have been charged and are being investigated by the US securities
regulator on similar counts.
Gregory Reyes, 44, who was brought to court through a joint FBI and SEC
investigation, faces decades in prison and millions in fines,
The jury found him guilty of conspiracy to commit securities fraud, mail
fraud and falsifying books, records and accounts.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements