The U.S. attorneys office for the Northern District of California charged former Chairman, President and Chief Executive Officer Gregory Reyes and former Vice President of Human Resources Stephanie Jensen with securities fraud. The storage networking company in San Jose, Calif., was founded in the late 1990s and granted stock options to new employees. The company has already restated results from the years 1999 through 2004 due to accounting issues related to options grants. Several major high-tech companies are undergoing independent and Securities and Exchange Commission investigations.”]
Source: https://www.csoonline.com/article/2119999/brocade-communications-fraud-scandal-turns-criminal.html