McAfee fined $50 million
Veteran security and
anti-virus company McAfee has agreed to pay a $50 million fine for inflating its revenues
by $622 million between 1998 and 2000—131% in 1998 alone. According to Red Herring, "McAfee consented to pay
the multimillion-dollar penalty to the SEC without admitting or denying the allegations of the complaint." The SEC
will distribute the fine among investors.[Via Slashdot]
