Former Take-Two CEO Ryan Brant, sentenced to 5 years probation

Ryan Brant, the former CEO of Take-Two, has had a lucky escape and avoided a four prison sentence. Instead Brant has been sentenced to 5 years probation, as he had cooperated with the investigation involving the game publishers backdating scandal.

Back in February Brant had pleaded guilty, to the practice of backdating stock options; as a result Ryan has accepted a plea bargain. This offer means he has now guaranteed his supervised freedom, as long as he pays the rest of hi fines by October. He has now paid a total of $4.7 million in fines, and has another $2.6m to pay.

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