Dr.Finger
07-20-2007, 11:51 AM
The fallout from a securities scandal at New York based publisher Take-Two continues. From Gamespot (http://www.gamespot.com/news/6175401.html?part=rss&tag=gs_news&subj=6175401).
Former Take-Two CEO and founder Ryan Brant is no longer the only officer of the company to offer a guilty plea to charges stemming from the company's stock options scandal, according to a Bloomberg report. The company's former general counsel Kenneth Selterman and former chief accounting officer Patti Tay both plead guilty to falsifying business records.
While the charges Tay and Selterman plead guilty to were both misdemeanors, they are expected to be sentenced to more than just probation next month.
Former Take-Two CEO and founder Ryan Brant is no longer the only officer of the company to offer a guilty plea to charges stemming from the company's stock options scandal, according to a Bloomberg report. The company's former general counsel Kenneth Selterman and former chief accounting officer Patti Tay both plead guilty to falsifying business records.
While the charges Tay and Selterman plead guilty to were both misdemeanors, they are expected to be sentenced to more than just probation next month.