Jailed Stock Options Administrator Settles Charges

Law360, New York (February 25, 2008, 12:00 AM EST) -- Months after being jailed for stealing millions of dollars in shares of Wireless Facilities Inc., a former employee of the network engineering company has agreed to return the money and settle regulators' charges in connection with the theft.

Former stock options administrator Vencent Donlan will return most of the $6.2 million he admitted stealing in stock and stock options from WFI under a settlement with the U.S. Securities and Exchange Commission. Dolan was sentenced to four years in prison in October after pleading guilty to tax...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.