We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Ex-McAfee Treasurer Settles Fraud Charges

Law360 (November 1, 2006, 12:00 AM EST) -- A former finance officer for the troubled antivirus software company McAfee Inc. settled charges on Tuesday that he aided a multimillion dollar financial fraud at the company, the Securities and Exchange Commission said.

Eric G. Borrmann agreed to pay a fine of $757,563 and accept a five-year ban on serving as an officer of a public company.

The SEC filed the complaint against Bormann on Monday, and he agreed to settle the following day without admitting to or denying the allegations. The fee consists of $314,517...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.