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Thursday, April 18, 2024 | Back issues
Courthouse News Service Courthouse News Service

Brocade CEO Gets Prison For Options Scheme

SAN FRANCISCO (CN) - Former Brocade Communications Systems CEO Gregory Reyes was sentenced on Wednesday to 21 months in prison and fined $15 million for his part in backdating stock options for Brocade insiders. Reyes was convicted in August of 10 counts, including conspiracy, fraud, keeping false books and records and lying to accountants.

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