The U.S. Securities and Exchange Commission has charged former Apple general counsel Nancy Heinen of fraudulently backdating stock options, the agency said Tuesday.
Heinen helped backdate options given to Apple's top officers, causing the company to under-report its expenses by almost $40 million, according to the SEC.
Tuesday afternoon, Heinen's attorney issued a statement refuting the SEC's allegations. "Nancy Heinen's integrity is unimpeachable," stated Miles Ehrlich, a partner with Ramsey & Ehrlich.
Feds Charge Former Apple Lawyer in Options Case