McAfee's Former Finance Chief Is Convicted of Fraud: WSJ

The former chief financial officer of security-software maker McAfee, was convicted on 15 counts of securities fraud, according to the U.S. Attorney's Office in San Francisco.

Prabhat Goyal was vice president and CFO when the firm was named Network Associates, until his departure in 2000. The Wall Street Journal reports that he was convicted of committing securities fraud by making false and misleading statements in filings between 1998 and 2000 with the Securities and Exchange Commission.

Last year, McAfee agreed to pay $50 million to settle its own accounting fraud charges, ending a long-running investigation by the SEC.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • Chad Devereaux examines bricks on Nov. 6, 2011, that fell from three sides of his in-laws' home in Sparks, Oklahoma, after two earthquakes hit the area in less than 24 hours.

    "Oklahoma is the most striking case, where the number of earthquakes is now at record levels," says a USGS official.

  • Private Jet

    Like migrating birds, private jet setters follow a basic instinct when it comes to their flight paths: They follow better weather.

  • Fake Apple Watches... can you tell the difference?

    CNBC's Eunice Yoon reports Apple Watch is officially available today but already fake watches are hitting the streets.

U.S. Video