Take-Two's former lawyer and accounting officer plead guilty to falsification charges |
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Take-Two Interactive's former accounting officer Patti Seltman and former chief legal counsel Kenneth Seltman recently pleaded guilty to a New York court on charges of falsifying entries made on the company's spreadsheets between 2001 and 2002.The falsified entries regarded stock option grants information which were sent to regulators of the said assets. The guilty plea is reminiscent of a similar case regarding former chief executive officer Ryan Brant when he pleaded guilty of falsifying the company's
Despite the immense success of its Grand Theft Auto line of games, the company has suffered losses in the past few quarters, prompting the publisher to bring in new faces to their management team earlier this year. Sentences have not been read to the accused as of press time. We'll fill you in for updates on the unfolding events of the cases.
Via Mew York Times
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