Jobs warned over options issue

CEO Steve Jobs knew the implications of Apple's options practices as far back as 2001, its former CFO has claimed.

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By  Administrator Published  April 26, 2007

CEO Steve Jobs knew the implications of Apple's options practices as far back as 2001, its former CFO has claimed.

Fred Anderson, in charge of Apple's finances from 1996 to 2004, said in a statement issued by his attorney this week he had warned Jobs about the implications of backdating - something Apple has repeatedly denied.

The statement was released shortly after the US Securities and Exchange Commission (SEC) filed a lawsuit against former Apple general counsel Nancy Heinen saying she had participated in fraudulent backdating and had also altered company records to conceal the fraud.

A similar lawsuit was filed against Anderson, but was subsequently settled.

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