Ex-Defense Contractor CFO Arrested Over Backdating
Gary Gerhardt and other Engineered Support Systems executives are accused of defrauding the company and its shareholders by backdating stock options on at least eight occasions between 1996 and 2002.
Gerhardt’s was released on $50,000 unsecured bond. He is scheduled for arraignment Thursday.
The 10-count indictment, which was unveiled Monday, charged Gerhardt with one count of falsifying books and records of a publicly...
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