Prosecutors won guilty verdicts on 10 counts against backdating poster boy Gregory Reyes in August. But they still need to explain just who it was the former Brocade Communications CEO hurt, and how much. In a preliminary sentencing brief filed in the case Friday, prosecutors laid out the numbers. The prosecution is also recommending that Judge Charles Breyer apply current sentencing guidelines, arguing that Reyes' crimes continued until 2004, when harsher penalties were put in place for financial fraud.
September 24, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
As the stock option backdating scandal has unfolded, defense lawyers have sounded a familiar refrain: No one got hurt.
Prosecutors won guilty verdicts on 10 counts against backdating poster boy Gregory Reyes in August. But they still need to explain just who it was he hurt, and how much.
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