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CEO Swiped $11 Million, SEC Says

MINNEAPOLIS (CN) - UnitedHealth Group CEO William McGuire stuffed his pockets with more than $6 million by backdating stock options, took another $5 million in illegitimate bonuses based on bogus financial figures, and falsified documents to cover it up, the SEC claims in Federal Court. And it claims he unjustly enriched other corporate insiders by $400 million in the same way. See complaint.


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