FBI Promises To Crack Down on Stock-Option Crimes
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
The FBI is conducting probes of 52 companies that may have illegally backdated stock options and more cases are on the way, its new criminal investigative chief said.
The number of criminal cases has increased 16% in less than two months, said Chip Burrus, an assistant director of the Federal Bureau of Investigation. “We’re going to knock that pretty good,” he said in an interview. “We’re going to go after those.”
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