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Fred Andersen pays fine, says he didn't do it

Scott McNulty

We've already mentioned that Fred Andersen has agree to pay $3.5 million in fines to SEC in regards to the Apple backdating scandal. However, he is not going quietly into that good night. Mr. Andersen has released a statement (requires a WSJ subscription) which emphasizes that he admits no wrong doing. He goes on to claim that he warned Steve Jobs that if this compensation business wasn't handled correctly there could be some fallout. Jobs assured Fred that it was all on the up and up.

I don't think this story will be going away any time soon.

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