Take-Two's ex-CEO pleads guilty to white-collar crimes

crime pays.Former Take-Two CEO Ryan Brant was a naughty boy. And he got caught. Not exactly with his hand in the cookie jar, but Brant was fond of the practice of backdating stock options. An internal investigation found that Brant and others had done so regularly between April 1997 and August 2003.

In June 2005, Brant and three other former execs paid $14 million to settle a SEC lawsuit. Today, he has pleaded guilty in two options-related cases and will pay an additional $7.3 million settlement -- he is also banned from holding control management positions in public companies. Crime pays, sucka.

This article was originally published on Joystiq.