Stock options backdating issue Sextext chat online

After graduating from high school, Reyes attended Saint Mary's College of California in Moraga, California, where he obtained a degree in Business Administration in 1984.During his studies there, Reyes obtained an internship with Convergent Technologies (Unisys) in its sales department.

The practice of backdating options is not illegal as long as it is disclosed to shareholders.

Elizabeth Moore, a key witness to Reyes's conviction and the only employee of Brocade's finance department to be called during the proceedings, testified that neither she nor any other members of the finance department had any knowledge of backdating or fraudulent occurrences within the organization.

After the trial's conclusion, however, Moore recanted her testimony, claiming that she had been bullied and pressured by the prosecution to give false testimony.

Reyes began working full-time position at Convergent while taking evening classes in order to complete his degree.

After obtaining his degree, Reyes became an OEM sales representative for Convergent, then left to become Vice President of Sales and Support at Banyan Systems, a networking and data communications software firm.

Leave a Reply