The FBI and federal prosecutors in San Francisco said Thursday that they are escalating their investigation into possibly illegal stock option backdating by area companies.
U.S. Attorney Kevin Ryan announced that a new eight-person task force will try to determine whether Northern California companies retroactively changed the grant date of stock options with intent to defraud investors. It appears to be the only such task force in the nation.
"We will evaluate the facts of each case, and we will bring criminal charges when appropriate," Ryan said.
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