The criminal trial against Reyes, charged with 10 felony counts of securities fraud and other offenses, began Monday in a federal courtroom.
Reyes' case is the first to go to trial alleging criminal offenses connected to suspect timing of stock option awards.
Anderson settled his case, but Heinen is still on the hook and expects to go to trial sometime next year.
Mather, Anderson and Heinen, through their lawyers, have strenuously denied wrongdoing.
In other words, there seem to be an awful lot of people around Steve Jobs who have allegedly had problems linked to the backdating of stock options. Jobs is the prodigal son credited with saving Apple, which he co-founded in 1976 with Steve Wozniak, by turning a then-struggling Silicon Valley icon into a consumer-electronics powerhouse after his triumphant return in 1996.
The turnaround was masterful; in fact, it's now the subject of business-school case studies.
He was ordered to pay the SEC .8Million in a civil suit; and .8 Million in his criminal case. The Wylys Sam and his brother Charles used “an elaborate sham system of trusts and subsidiary companies” in the Isle of Man and Cayman Islands over a 13-year period to hide control of securities. In 2014, Wyly was convicted and a federal judge has finalized an order for the ex-billionaire to pay a 8.1 million in fines for profiting from illegal stock trades. Stanford's attorney, Dick Deguerin, said that he is confident that a jury will find him not guilty of any criminal wrongdoing. – A state judge on Thursday ordered former Health South CEO Richard Scrushy to pay about .8 billion to shareholders who sued over accounting fraud at the rehabilitation chain.
Ann Mather, who worked as chief financial officer of Pixar Animation Studios before then-chief executive Jobs dealt Pixar to Walt Disney Co.
The move came almost exactly a year after the SEC filed similar charges against former Apple CFO Fred Anderson and former general counsel Nancy Heinen.
Reyes became the first executive to go on trial over stock-options backdating.
So far, about 200 companies have been targeted for the practice by the Justice Department and Securities and Exchange Commission, and many have had to restate their finances, erasing billions of dollars in previously reported profits.
SAN FRANCISCO (Market Watch) -- Steve Jobs has managed to revolutionize both the consumer electronics and entertainment industries, but the onetime wunderkind can't seem to shake the stigma of the stock-options backdating scandal that enveloped Silicon Valley in recent years.