Two former executives at video game developer Take-Two Interactive Software have pleaded guilty to falsifying business records as part of a stock options backdating scheme.
Patti P. Tay, the company's former chief accounting officer, admitted she made false entries in a spreadsheet tracking the grants, according to Bloomberg News. The company's former general counsel, Kenneth I. Selterman, also admitted he wrote false information in a letter sent to regulators about the options probe.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access