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Securities

Apr. 27, 2010

Maxim CFO Liable In Securities Fraud Case

A former chief financial officer of a Sunnyvale-based technology company was found liable for securities fraud and other counts after a federal jury rejected his effort to blame his now-deceased boss for backdating employee stock options.

By Craig Anderson

Daily Journal Staff Writer

SAN JOSE - A former chief financial officer of a Sunnyvale-based technology company was found liable for securities fraud and other counts Friday after a federal jury rejected his effort to blame his now-deceased boss for backdating employee stock options.

Carl Jasper is the first defendant to fight to a jury trial a Securities and Exchange Commission complaint accusing him of securi...

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