U.S. News

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.