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Take-Two CEO Senteced To 5-year Probation

On August 2nd, 2007 in Uncategorized -

Even in the world of video games, there are real bad guys trying to get away with some nasty things. Former Take-Two CEO Ryan Brant has been sentenced to five years of probation for the back-dating stock option scam that was going on at Take-Two.

By cooperating with authorities, he avoided a potential four year prison sentence, although he still has to pay around $7 million in fines. Brant founded Take-Two in 1993 and resigned as CEO in late 2001. Several other former Take-Two employees are on trial as well for the incident.

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