Take-Two Pays $3M To Settle With SEC

MANHATTAN (CN) – Take-Two Interactive Software will pay $3 million to settle SEC charges that it falsified its income for 7 years and defrauded investors by giving its top dogs backdated, in-the-money stock options. Take-Two’s ex CEO Ryan Brant paid $6.3 million to settle previous SEC charges, and another $1 million in fines and forfeiture to New York. Take-Two makes video and computer games.