Latest in Gaming

Image credit:

Take-Two ex-CEO sentenced to 5 years (of probation)

Share
Tweet
Share
Save

Sponsored Links

Former Take-Two CEO Ryan Brant has avoided a four-year prison bid by "cooperating" with the investigation into the game publisher's backdating scandal. In February, Brant plead guilty to the practice of backdating stock options and has accepted a plea bargain, which guarantees the white-collar crook supervised freedom so long as he pays the remainder of his fines by mid-October. Brant's already handed over $4.7 million. He owes an additional $2.6 million.

Under the conditions of the plea bargain, Brant is barred from "control management positions" in public companies. His attorney Lawrence Iason declined to comment on the possibility of Brant aiding in the recent convictions of two fellow ex-Take-Twoers -- you know what happens to dirty, stinkin' rats...

In this article: legal, RyanBrant, TakeTwo
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share
Save

Popular on Engadget

Engadget's Guide to Privacy

Engadget's Guide to Privacy

View
Google Chrome now offers better theme customization and tab grouping

Google Chrome now offers better theme customization and tab grouping

View
Leaked screenshots show how Apple's tracker tags might work

Leaked screenshots show how Apple's tracker tags might work

View
Tesla targets Nürburgring EV record next month

Tesla targets Nürburgring EV record next month

View
Mark Zuckerberg visited Donald Trump at the White House

Mark Zuckerberg visited Donald Trump at the White House

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr