Roger Parloff: ‘SEC Sees Apple Backdating as One-Woman Fraud Spree’

Roger Parloff read the SEC’s 20-page civil complaint against Nancy Heinen and Fred Anderson and has written a good overview and timeline of the story. It’s worth emphasizing that the backdating of options wasn’t itself illegal; it’s the accounting of the backdated options that was improper.

★ Wednesday, 25 April 2007