The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Feds Launch Criminal Probe Into Apple Stocks

Feds Launch Criminal Probe Into Apple Stocks

by , 7:55 AM EST, January 15th, 2007

The U.S. Attorney's Office in San Francisco has launched its own investigation into Apple Inc.'s improperly backdated stock option grants. MarketWatch reports that right now the probe is focusing on on former Apple attorney Wendy Howell and a 7.5 million options grant to Steve Jobs in October 2001.

According to Apple's own independent investigation, the meeting that authorized Mr. Jobs' stock options grant never took place, but that the Apple CEO was unaware of the falsified incident. The company later cancelled the grant without any financial benefit to Mr. Jobs.

Ms. Howell claims that she was ordered to make changes to grant documents by Apple's general counsel, Nancy Heinen. She was fired in December for her involvement in the stock options issue, and Ms. Heinen left the company in May 2006 for unrelated reasons.

In addition to the criminal probe, the Securities and Exchange Commission is conducting its own investigation to verify the Mac and iPod maker's independent investigation. Apple's probe cleared Steve Jobs and the rest of the current management team from any wrong doing.

Apple stock is currently trading after hours at US$94.65, up 0.03 (0.03%).


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Digg!

Recent Headlines - Updated May 26th

Mon,12:40 PM
Three Ways to Protect your Apple Watch (and One Way Not To)
Wed,4:40 PM
ACM 361: Purism, Privacy, Apple, and Surveillance Capitalism
4:37 PM
iOS Coding Mastery Bundle: $39
3:58 PM
Apple Can’t Keep a Secret
2:05 PM
Apple’s Penchant for Privacy Makes Siri ‘Speaker’ Hard, but That’s Why We’ll Want It
1:33 PM
TMO Daily Observations 2016-05-25: Apple Hires Jon Callas, Microsoft’s Smartphone Failure
10:19 AM
Microsoft Cuts more Smartphone Jobs, Hopes for Enterprise Success
Tue,7:41 PM
Bad News, FBI: Apple Hires Security Pro Jon Callas
5:30 PM
How Apple Got Ready For an iPhone With an OLED Display
5:09 PM
Writing the ‘Apple Music Letter’ Was Taylor Swift’s Bravest Thing She’s Done
4:46 PM
ZeroLemon 64GB iMemStick: $79.99
1:31 PM
TMO Daily Observations 2016-05-24: New MacBook Pros this Fall, Spotify’s New Pricing
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!