From CFO.com "The Securities and Exchange Commission charged the former controller and the former president of Monster Worldwide Inc. for their alleged roles in a multiyear scheme to secretly backdate stock options for thousands of Monster officers, directors, and employees.
The SEC complaint alleges that former Monster president and chief operating officer James J. Treacy, along with former controller Anthony Bonica, participated in a scheme that began in 1997. The company stock options were fraudulently backdated to coincide with the dates of low closing prices for the New York-based company's shares, the SEC said."
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