The former general counsel at Monster Worldwide Inc. was sentenced to one year of probation Tuesday, getting a break on his sentence because of his extensive cooperation with a government probe into backdating stock options at the job search company. Myron Olesnyckyj, 48, was also ordered by Southern District of New York Judge Jed S. Rakoff to forfeit $381,000 and pay a fine of $6,000. The sentence was imposed more than three years after Olesnyckyj pleaded guilty to securities fraud and conspiracy to commit securities fraud.

Assistant U.S. Attorney Deirdre A. McEvoy told the judge Tuesday that Olesnyckyj’s cooperation was “complete and obviously substantial,” referring in part to his help in winning the 2009 conviction of ex-COO James Treacy, who has since been sentenced to two years in prison.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]