McAfee Pays $50M To Settle SEC's Fraud Charges
The SEC accused McAfee of inflating its cumulative net revenue by $622 million between 1998 and 2000. The bulk of the fraud took place in 1998, when the California-based company overstated revenue by $562 million, or 131%, according to the complaint.
The settlement was reached Wednesday, the same day the SEC...
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