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Former Take 2 execs plead guilty

Ben Parfitt
Bloomberg reports that Take 2’s former chief accounting officer Patti Tay and general counsel Kenneth Selterman have both pleaded guilty to falsifying records relating to stock options in 2001 and 2002.

Selterman has received three years probation, a $50,000 fine and 200 hours of community service whilst Tay has also received probation, and is expected to have to pay a $300,000 reimbursement.

The decision follows the conviction of  former CEO Ryan Brant in February after he was also found guilty of falsifying business records.

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