SEC Files Charges Against Former Apple Officers
April 25, 2007 at 5:46 AM (PT)
The SECURITIES AND EXCHANGE COMMISSION filed charges against two former APPLE INC. officers in its stock options backdating case yesterday, but questions remain about whether CEO STEVE JOBS will emerge unscathed amid new accusations.
The SEC said it did not plan to pursue any further action against APPLE itself, which fully cooperated with the government's probe, but it stopped short of saying its investigation was closed.
Commission officials declined to comment on whether possible charges could still be filed against JOBS or other current officers.
The lack of clarity was compounded when APPLE's former CFO FRED ANDERSON cast blame at JOBS after agreeing to settle the SEC charges over his alleged role in the backdating scandal.
ANDERSON, 62, will pay about $3.5 million in fines.