San Francisco Chronicle reports that David Drummond a Google Sr VP And Chief Legal Counsel paid the SEC $700,000 as a fine to the latter accusing him of misstating financial details.
“The settlement with the Securities and Exchange Commission, announced Thursday, stems from his role as chief financial officer for SmartForce, a software company that overstated its revenue by $113.6 million and profit by $127 million, during a 3 1/2 year period ending in mid-2002.
Google said that Drummond, who serves as a senior vice president of corporate development and chief legal counsel, will remain with the company. As part of the deal, he admitted no guiltâ€.
Before joining Google, Drummond was employed at SmartForce which has now merged into Skillsoft PLC.
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