AppleInsider is reporting that Apple Inc.’s CEO, Steve Jobs, will most likely not face criminal charges from The Securities and Exchange Commission, but rather that the company’s former top legal aid, Nancy Heinen, and former Cheif Financial Officer, Fred Anderson, will face charges.
The paper is reporting that Heinen is being targeted for her involvement in a 2001 grant of 7.5 million stock options to Jobs, that were backdated to October through falsified minutes of a board meeting that did not happen. Heinen, ordered an in house Apple Lawyer, Wendy Howell, to change the board meeting minutes to reflect that the board approved the grant to Jobs on Oct. 19th 2001.
It is believed that Jobs will not face charges because he was not involved in the decision to change the date of when the grant was approved, as well as the fact that Heinen does not have any damaging information regarding Jobs.
The SEC declined to comment on the pending charges, but they have previously state that “general counsels and CFO’s have special obligations to protect investors against accounting fraud.
