ex-CFO of Apple Settles with SEC, anothe Ex-exec still in hot water

ex-CFO Fred Anderson has apparently settled his issues with the SEC over the back dating stock options scandal that Apple, Inc has found itself in recently.

According to the Wall Street Journal Anderson agreed to a fine of about $150,000 and to repay option gains of about $3.5 million under the settlement but won’t admit to any wrongdoing.

Nancy Heinen, former general counsel for Apple, on the other hand, appears to still be in hot water. The SEC intends to pursue a Civil lawsuit against her. Heinen’s lawyers insist she was simply “following orders” and is being made out as a scapegoat.

Apple Gazette Team
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