Take-Two ex-CEO sentenced to 5 years (of probation)

by James Ransom-Wiley on Aug 1st 2007 5:58PM

Former Take-Two CEO Ryan Brant has avoided a four-year prison bid by "cooperating" with the investigation into the game publisher's backdating scandal. In February, Brant plead guilty to the practice of backdating stock options and has accepted a plea bargain, which guarantees the white-collar crook supervised freedom so long as he pays the remainder of his fines by mid-October. Brant's already handed over $4.7 million. He owes an additional $2.6 million.

Under the conditions of the plea bargain, Brant is barred from "control management positions" in public companies. His attorney Lawrence Iason declined to comment on the possibility of Brant aiding in the recent convictions of two fellow ex-Take-Twoers -- you know what happens to dirty, stinkin' rats...

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Tags: legal, RyanBrant, TakeTwo

Reader Comments (9)

Lucky bastard...

That lady in the background seems pretty bored to me....

I think you meant 'ex-Take-Twoers,' as opposed to 'Towers.'

That bastard at least got what was coming to him. Would have liked to have seen him in jail though.

fixed! ;)

you know its soo hard to follow these stories joystiq.
im a regular reader, but the only former stuff ive heard about take two are the rockstar games, and annual enarnigns of ficial year stuff.
this actually sounds liek an interesting read but theres not a whole lot follow for it.im sure if u looked into it, this kind of stuff could set u apart from kotaku in some ways. and with just a few phone calls im sure u could have this as weekly news in teh take two scandal. but no, u just sort of spring this out of know where. i wouldve liekd to see where this story was going from the beggining.

I'm actually fairly certain I read the full story here first. There doesn't need to be weekly updates on this kind of stuff, mainly because it's just not that interesting when there's nothing going on.

The last thing I want is to have video game reporting become like regular news, where I have 50 channels all devoted to "covering" the Anna Nicole Smith overdose, paternity suit, or Paris Hilton's jail time.

If there's nothing to be covered, just wait...news will come.