SEC Brings Civil Charges Against Ex-Monster Execs

NEW YORK -- The Securities and Exchange Commission filed civil charges against two former executives at employment listings website Monster Worldwide Inc. on Wednesday for allegedly engaging in fraudulent stock options backdating, Reuters reported citing court documents.

James Treacy, a former president and chief operating officer at the company, and Anthony Bonica, a former controller, were accused of benefiting from the fraudulent scheme, including the receipt and exercise of backdated option grants, Reuters reported citing the complaint.

-- NYSSCPA.org News Staff

Posted on 4/30/08