GO
Loading...

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

  • CNBC NEWSLETTERS

    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

  • The Glass Ceiling

    Full-time working women still only earn about 77% of what men do in the same fields. A lawsuit in Silicon Valley is bringing renewed focus to that statistic. Vanity Fair Contributing Editor Bethany McLean on the equality fight for women's pay and promotion.

  • Man takes off work clothes on beach

    With Ruth Porat leaving Wall Street for Silicon Valley, Turney Duff takes a look at other ex-Wall Street friends and where they are now.

  • A group of scientists believe they've cracked the reason behind a big mystery: Why are beards so popular?

U.S. Video