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Wednesday, June 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

SEC Sues Former Monster Execs

MANHATTAN (CN) - The SEC today accused two former executives of Monster Worldwide of fraudulently backdating stock options, understating the company's compensation expenses by $340 million.

The SEC filed the federal civil charges against former CEO James Treacy and former Controller Anthony Bonica, who allegedly profited from the backdating.

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