SEC Charges Former Veritas Execs In AOL Deals

The Securities and Exchange Commission sued five former Veritas Software Corp. executives, including its chief executive, for their roles in an alleged accounting fraud at the storage-software maker.

Two former execs agreed to pay a total of $278,700 to settle claims that they helped manipulate earnings through sham transactions with AOL, the SEC said in a lawsuit. The suit is pending against three other former executives, including CEO Mark Leslie.

Here's a link to the SEC release.

By Dan Beyers  |  July 3, 2007; 5:49 AM ET  | Category:  AOL
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