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Employee Misconduct

BUSINESS
May 4, 2007 | From Bloomberg News
A former stock option administrator for Wireless Facilities Inc. of San Diego secretly issued himself shares and options to reap at least $7.7 million, the Securities and Exchange Commission said Thursday. Vencent Donlan, 44, defrauded the company and investors by transferring securities in 2002 and 2003 to an account he held with his wife, the SEC said in a lawsuit filed against the couple this week. A federal judge in San Diego froze the couple's assets Thursday, the SEC said.
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BUSINESS
April 25, 2007 | Michelle Quinn, Times Staff Writer
In the stock option backdating predicament that never quite reached the level of full-blown scandal, Apple Inc. might have done some things right -- once it acknowledged it had a problem.
CALIFORNIA | LOCAL
April 14, 2007 | Patrick McGreevy, Times Staff Writer
At least 16 Los Angeles police officers or recruits who joined the force in the last year may be on the job without proper background checks after a city screener allegedly signed off on hiring recruits without checking personal and employment references for disqualifying issues, officials said Friday.
BUSINESS
April 13, 2007 | From the Associated Press
Only days after announcing that it's not in talks involving a leveraged buyout, Dow Chemical Co. has shown the door to a senior advisor and an executive, accusing them of trying to negotiate a deal behind the company's back. Senior advisor J.
CALIFORNIA | LOCAL
April 6, 2007 | From Times Staff and Wire Reports
A former employee of the Drug Enforcement Administration pleaded guilty Thursday to illegally profiting from his position by taking money from a DEA vendor that he managed, federal authorities said. Leopoldo B. Villanueva, 63, admitted that he received $13,500 from Redline Towing at the same time he was working for the DEA as a contracting officer in charge of negotiating and managing contracts with vendors.
BUSINESS
April 5, 2007 | From the Associated Press
Wal-Mart Stores Inc.'s normally low-profile security efforts were thrust into the limelight Wednesday when a fired technician alleged he had been part of a large surveillance operation that spied on company workers, critics, vendors and consultants. The company defended its security practices. The world's largest retailer declined to comment on specific allegations made by 19-year veteran Bruce Gabbard to the Wall Street Journal in a report published Wednesday.
BUSINESS
March 15, 2007 | Michelle Quinn and Marc Lifsher, Times Staff Writers
The state criminal case against former Hewlett-Packard Co. Chairwoman Patricia C. Dunn and three others -- involving a corporate spying scandal that led to congressional hearings and an enhanced state privacy law -- has ended with a whimper. Dunn was cleared of all charges Wednesday by Santa Clara County Superior Court Judge Ray Cunningham.
BUSINESS
March 15, 2007 | From the Associated Press
New Century Financial Corp. said Wednesday that it had received cease-and-desist orders from banking regulators in four states, claiming that some subsidiaries of the troubled sub-prime mortgage lender have violated state laws. Regulators from New York, New Hampshire, Massachusetts and New Jersey sent notices to the Irvine-based company on Tuesday, according to its filing with the Securities and Exchange Commission.
CALIFORNIA | LOCAL
March 14, 2007 | Seema Mehta, Times Staff Writer
As parents at a South County Roman Catholic school have grown increasingly riled by the mysterious dismissals of two popular teachers, a church official said Tuesday that the allegations against the two men did not involve sexual conduct with a minor. Maria Rullo Schinderle, general counsel for the Diocese of Orange, declined to comment further about the dismissals of Eric Hansen and Gregory Rhodes, teachers at Santa Margarita Catholic High School.
BUSINESS
March 9, 2007 | From Bloomberg News
Video game maker Activision Inc. said Thursday that investigators conducting an internal probe of stock option grants had recommended that 10 current and former executives and directors give up any related gains. The investigators found that four current or former executives were at least partly responsible for misdated grants, but the inquiry didn't determine whether there was any intentional wrongdoing by those executives, Santa Monica-based Activision said.
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