Jury Hands Former McAfee CFO Fraud Conviction

Law360 (May 11, 2007, 12:00 AM EDT) -- In the latest development in the fallout from a massive accounting scandal at security software maker McAfee Inc., formerly known as Network Associates Inc., the company’s former chief financial officer has been convicted of 15 counts of securities fraud.

After a five-week trial and three days of deliberations, a jury in the U.S. District Court for the Northern District of California on Thursday found that Prabhat Goyal had committed securities fraud, filed false reports with the U.S. Securities and Exchange Commission and made false statements to...
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