A San Francisco jury found former McAfee Chief Financial Officer Prabhat Goyal guilty Thursday of fudging accounting to hide losses and pump up the company’s revenue figures from 1998 through January 2001.
As a result of Goyal’s actions, federal prosecutors argued that McAfee Inc., then known as Network Associates, improperly recorded more than $470 million in revenue and understated its losses by more than $330 million.
This content has been archived.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
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]
