Wednesday, June 6, 2012

IRS charges former Mercury Interactive exec with tax evasion - Sacramento Business Journal:

shelly-polymer.blogspot.com
Sharlene Abrams, then a resident of Los was charged withthree counts: one over her personal 2001 tax filin and two for her part in the "falses and fraudulent" filings of Amnon then Mercury's chief executive, and Kenneth then its chief operations officer. Mountain View-based Mercurty Interactive eventually paida $28 million fine to settle a civil complaintr by the Securities and Exchange Commission, as well as a payment of $117.5 millioj to pension funds to settle a clasa action over the misdated options. Mercuryh Interactive, which was later acquired by Palo Alto-basexd (NYSE: HPQ), was one of the firsf companies cited in connection with manipulation ofstocok options.
H-P employs thousands in Roseville. The complaint, filedf in U.S. District Court for the Northermn Districtof California, said Abrams "orchestrated the backdatinh of stock option exercise dates for herself, Landanh and Klein in order to reduced the income taxes."

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