SafeNet CFO To Serve Time For Options Backdating

Law360, New York (January 28, 2008, 12:00 AM EST) -- A former SafeNet Inc. executive has been sentenced to six months in prison and ordered to pay a $1 million fine for her role in backdating millions of dollars of employee stock options grants.

Ex-chief financial officer Carole Argo, 46, was also sentenced to three years of supervised release. The sentencing hearing took place Monday morning before Judge Jed S. Rakoff of the U.S. District Court for the Southern District of New York.

“Argo and her co-conspirators routinely backdated options grants by papering them as if...
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