Posted by: macintoshsisters | December 28, 2006

Feds probe fake Apple documents

Apple Computer Inc. shares had the biggest drop in almost six months after a legal newspaper said federal prosecutors are examining whether company officials falsified documents to inflate the value of options grants.

The fake documents were uncovered by the iPod maker during an internal probe that concluded in October, The Recorder said on its Web site today, citing individuals familiar with the case. The information was passed on to the U.S. Attorney’s office, according to The Recorder, which is based in San Francisco.

When Cupertino, California-based Apple released the results of its three-month investigation in October, it didn’t disclose any falsified documents. At the time, the company said it found options awards were backdated on 15 occasions between 1997 and January 2002.

FULL article at The Mercury News



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